The original discrepancies in Bitcoin and Litecoin balances were identified in early 2021.
The founder of iCE3X, one of South Africa’s oldest crypto-currency exchanges, has challenged claims by the company’s liquidators that more than R30 million in crypto assets remain unaccounted for.
Gareth Grobler, the former sole director and shareholder of iCE3X, says he has never been presented with fully-verified figures supporting the alleged shortfall.
Grobler was responding to ITWeb after liquidators revealed in a recent affidavit that the winding-up of the exchange would be delayed for another year as they continue efforts to recover missing crypto-currency valued at about R30 million.
The affidavit, filed with the Master of the High Court in…