RATE Group | Bitcoin Accident? CEO of Zimbabwean Crypto Exchange Dismisses Allegations of Lost BTC to…
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Bitcoin Accident? CEO of Zimbabwean Crypto Exchange Dismisses Allegations of Lost BTC to…

03 Nov Bitcoin Accident? CEO of Zimbabwean Crypto Exchange Dismisses Allegations of Lost BTC to…

Posted at 05:14h in Bitcoin News by

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Contents

  • Golix gets shut down, Kembo launches an ICO
  • Kembo contacts the media to tell his side of the story

As reported by a local media iHarare, the CEO of the largest crypto exchange in Zimbabwe, Tawanda Kembo, claims he lost his password to the cold wallet that contained his customers’ Bitcoin.

Notably, this happened just when investors and traders were about to withdraw their funds due to the announcement of the Reserve Bank of Zimbabwe that the exchange – Golix – was to be shut down over the violation of regulatory rules.

Golix gets shut down, Kembo launches an ICO

iHarare writes that the accident took place back in 2018, just when the customers of Golix began withdrawing their BTC since the local central bank was going to close the platform. The amount that was assumed to be locked in the wallet was $33 BTC – about $305,000 as per the current BTC rate.

Two separate sources (former Golix employees) confirmed the loss of the password to the Bitcoin wallet.

After the…

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