Author: Takalani Madzhadzhi and Thabiso Bhengu
The biggest heists do not involve physical contact or criminals gunning down their victims but the art of using technology to scam investors. Africrypt – A cryptocurrency trading platform insists that hackers snatched R54 Billion in crypto wallets. This mirrors a South Korean incident whereby on March 29, 2019, Bithumb, a cryptocurrency exchange argued that they were hacked and further implicated insiders. $20 million worth of cryptocurrency tokens were estimated to have been extorted. It has become evident to us that there are two firms across industries  – ones that have been hacked and those that are going to be…