Furious Bitcoin scam victims torch alleged Ponzi mastermind’s house

Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin BTC Ponzi scheme in South Africa. 

Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire.

An anonymous source told TimesLIVE that victims were taking the law into their own hands because Mbatha was unreachable.