MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers

July 21, 2021 Bitcoin.com

Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law

July 8, 2021 Bitcoin.com

bitcoin.com

A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July 6 letter, which has also been sent to the CEO and […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge Claims

July 5, 2021 Bitcoin.com

Bitcoin Scam

A total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors. Liquidators Want Court to Declare MTI a Ponzi Scheme […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’

July 3, 2021 Bitcoin.com

Bitcoin

A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. Nevertheless, the judge postponed a ruling on an application by MTI liquidators to have the company declared an unlawful business to September 8, […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

June 18, 2021 Bitcoin.com

Bitcoin Scam

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Sale of MTI Bitcoins in South Africa Briefly Wipes out Premium Buyers

April 21, 2021 Bitcoin.com

arbitrage gap

The premium or arbitrage gap on bitcoin in South Africa recently turned negative following the offloading of coins worth over $75 million by liquidators of MTI. As a result of the temporary supply glut, buying bitcoins on local South African exchanges briefly became cheaper than buying on overseas exchanges. The Impact of the MTI Liquidators’ […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

P2P Bitcoin Trade Volumes Surge in Kenya and Ghana but Nigeria Still Dominates

April 11, 2021 Bitcoin.com

bitcoin.com

According to new data, peer-to-peer (P2P) bitcoin trade volumes in Kenya and Ghana surged in Q1 of 2021, with the two countries now ranked second and third respectively. On the other hand, volumes in South Africa, which occupied second place in 2020, dropped marginally. Consequently, South Africa has now been relegated to the fourth position […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator

April 1, 2021 Bitcoin.com

Account freeze

Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority (FSCA), the country’s financial industry regulator. Confirmation of the Transfer According […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’

March 29, 2021 Bitcoin.com

Bitcoin Ponzi scheme

South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since cryptocurrencies are “not regulated by the authority or any other body,” there will be no legal recourse […]

Mirror Trading International (MTI)

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