Billionaire crypto king Priven Reddy in row over R750k Bitcoin ...

News

Billionaire crypto king Priven Reddy in row over R750k Bitcoin deal

The high flyer says the investment was frozen by the Reserve Bank, and now it’s out of his hands

Journalist

Billionaire businessman Priven Reddy – at the helm of cryptocurrency firm Kryptoro – finds himself at odds with an investor, and their dispute has now drawn in the police.

This comes after Alex Naidoo, of Cape Town, went to the police after funnelling R750,000 into Reddy’s firm to acquire Bitcoin.

He alleges that nearly nine months after making the payment he has no Bitcoin to show for his acquisition and Reddy seems reticent to refund him.  ..

This article is reserved for Times Select subscribers.
A subscription gives you full digital access to all Times Select content.

Times Select

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.