Newslink: Bitcoin Wallets’ Big Promises Vanish, Claims Hack, as Angry Customers Gather at Closed Offices
TL;DR: African News Agency (ANA) is reporting Ladysmith, South Africa investors have been victimized in a classic Ponzi scheme. It involves an online startup called Bitcoin Wallets, which several regional outlets describe as popular enough to routinely garner 100,000 rand deposits at a time from locals who hoped they would receive lavish promised payouts of 100% profit after only a couple of weeks.