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Angry Bitcoin Wallets investors gather at Ladysmith police station

It is alleged that staff of Bitcoin Wallets were assaulted and brought to the police station

WARNING: Bitcoin Wallets customers’ accounts hacked online

Have you lost money to Bitcoin Wallets? Download the affidavit here


A crowd of over 200 angry people are currently gathered in front of Ladysmith police station, demanding to see Bitcoin Wallets manager Sphelele ‘Sgumza’ Mbatha.

It is alleged that staff of Bitcoin Wallets were assaulted by angry investors and were brought to the police station.

Many investors have not been paid out as yet, and the business has now switched to online.

Numerous accounts have been hacked after logging into the online site with their details. This was confirmed by Sgumza in a radio interview on Nqubeko FM earlier today (July 9).

We will update you once we know more.

ORIGINAL COVERAGE:  Suspected Ponzi scheme believed to have closed up shop

ALSO READInvestors hope to hear from Bitcoin Wallets manager

ALSO READMunicipality claims they did not chase Sgumza away

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