{"id":226575,"date":"2026-03-11T01:30:07","date_gmt":"2026-03-10T23:30:07","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/namibia\/namibia-windhoek-crypto-scheme-operator-loses-court-bid-to-unfreeze-bank-accounts\/"},"modified":"2026-03-11T01:30:07","modified_gmt":"2026-03-10T23:30:07","slug":"namibia-windhoek-crypto-scheme-operator-loses-court-bid-to-unfreeze-bank-accounts","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/southern-africa\/namibia\/namibia-windhoek-crypto-scheme-operator-loses-court-bid-to-unfreeze-bank-accounts\/","title":{"rendered":"Namibia: Windhoek Crypto Scheme Operator Loses Court Bid to Unfreeze Bank Accounts"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"31\"><em>A windhoek resident who ran a cryptocurrency investment scheme, that was closed down by the Bank of Namibia, has failed with an attempt to regain access to his frozen bank accounts.<\/em><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"27\">A claim in which investment scheme operator Ruaan Smith asked the Windhoek High Court to unfreeze his bank accounts was dismissed by judge Eileen Rakow on Friday.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"22\">Rakow ordered Smith to pay the legal costs of the Bank of Namibia (BoN) and BoN official Romeo Nel in the matter.<\/p>\n<p class=\"story-body-text\" style=\"text-align: center;\">\n  <span style=\"font-size: 110%;\"><br \/>\nFollow us on <a target=\"_blank\" href=\"https:\/\/whatsapp.com\/channel\/0029VaIdDi8Bqbr263erhw1K\" rel=\"noopener\">WhatsApp<\/a> | <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/allafrica\/\" rel=\"noopener\">LinkedIn<\/a> for&#8230;<\/span><\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202603100698.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 Southern Africa <a title=\"Namibia\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/southern-africa\/namibia\/\">Namibia<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A windhoek resident who ran a cryptocurrency investment scheme, that was closed down by the Bank of Namibia, has failed with an attempt to regain access to his frozen bank accounts. A claim in which investment scheme operator Ruaan Smith asked the Windhoek High Court to unfreeze his bank accounts was dismissed by judge Eileen [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":226576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[723],"tags":[7516,258,256,7089,10798,6185,26006,10569,4706,724,257,9996,11079,254,25473,1582],"class_list":["post-226575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-namibia","tag-accounts","tag-africa","tag-africa-news","tag-bank","tag-bid","tag-court","tag-crypto","tag-loses","tag-namibia","tag-namibia-news","tag-news","tag-operator","tag-scheme","tag-south-africa-today","tag-unfreeze","tag-windhoek"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/226575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=226575"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/226575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/226576"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=226575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=226575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=226575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}