Bitcoin Wallet investor's home set alight by angry mob in KZN

2019-07-10 19:06


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

A self-styled cryptocurrency investor's home in Ladysmith was looted and set alight on Wednesday, allegedly by angry investors demanding payment.

The investor has been described as a Bitcoin Wallet manager.

Police spokesperson Colonel Thembeka Mbhele told News24 the torching of the house followed an incident on Tuesday when the man's employees were held hostage allegedly by a group of people demanding payment.

"On Tuesday, employees were taken hostage by a group of people at their workplace. The workers were later rescued by the police who had been summoned to the scene. The employees were then taken to the police station, the mob followed and protested outside," said Mbhele.

Mbhele added the police were investigating the matter.

According to the Ladysmith Gazzette, a mob went to the investor's home on Wednesday, hoping to get their money back. When they realised no one was home they allegedly started looting the property before setting it alight.

The publication also reported that the investor had been interviewed on a local radio station in Ladysmith on Tuesday where he said he had received reports of Bitcoin Wallet account holders accounts being hacked.

Read more on:    ladysmith  |  bitcoin

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.