VAULTAGE SOLUTIONS – A MEDIA HOUSE CRYPTO SCAM.

 Alleged bitcoin scammer Willie Breedt, who worked with the defunct company VaultAge Solutions, has been declared bankrupt, according to News24.

Around 2,000 investors in VaultAge stand to lose around 227 million South African rand ($13.4 million) due to Breedt’s broken promises to pay out their investments and growth. One of the biggest investors, who had entrusted Breedt with 7.5 million South African rand ($4.4 million), filed for a sequestration order against Breedt on Friday (July 3).

Two weeks ago, Breedt went into hiding when investors reportedly led by a South African National Defense Force colonel called debt collectors to recover the money they were owed, News24 reported.