MTI

Report: Judge in MTI Liquidation Case Issues Order Designating Bitcoin an Intangible Asset

September 8, 2022 Bitcoin.com

bitcoin.com

A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as [an] intangible asset that constitute[s] property.” Claims for Reimbursement Must Be Submitted in Local […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

Crypto Complaints Have Increased Significantly Says South Africa Financial Sector Ombud

December 21, 2021 Bitcoin.com

Binance

Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme

August 5, 2021 Bitcoin.com

bitcoin.com

In what is seen as a boost for Mirror Trading International (MTI) investors, United States investigators are said to have joined the probe into the collapsed bitcoin scheme. According to a report, the U.S. investigators’ goal for joining this probe is to help “recover the assets of out-of-pocket investors.” FBI Interest Confirmation of the U.S. […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

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 […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

Africrypt Ponzi Scheme Collapse: South Africa Regulator Says Its ‘Not in a Position to Take Any Regulatory Action’

June 25, 2021 Bitcoin.com

Africrypt

Following Africrypt’s collapse, South African regulator, the Financial Sector Conduct Authority (FSCA), released a statement asserting its lack of jurisdiction over cryptocurrencies. Although the regulator says it is “continuing to investigate complaints” against the crypto investment company, it concedes it has only “found evidence of crypto-asset transactions.” A Large Number of Scams While the FSCA […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

June 10, 2021 Bitcoin.com

Bitcoin Ponzi scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

MTI CEO and Wife Issued With Provisional Sequestration Order by South African High Court

April 27, 2021 Bitcoin.com

Bitcoin Scam

A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam. Sequestration Not Final According to a report, the order was reportedly served on the Steynbergs’ […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

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’ […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?

Court Summons Mirror Trading International Executives Over BTC Global Scam Allegations

April 18, 2021 Bitcoin.com

Bitcoin Scam

Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called BTC Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them. Two MTI Executives Linked to BTC Global Scam A High Court summons was issued to Clynton […]

Read more

Bitget Pumps Another 15.6%, $10 Incoming as Best Wallet Presale Raises $5.5M?