Is Mirror Trading International Legal?

MTI, which said in November it had 260,000 members worldwide and 23,000 bitcoin now worth about $885m, was placed in final liquidation in June. Its overseers have asked a South African court to declare the operation unlawful and the nation’s financial regulator has called it a Ponzi scheme.

Is MTI under investigation?

On Tuesday, 19 January 2021, the FSCA announced that it has finalised its investigation into Mirror Trading International (Pty) Ltd (MTI) and will share its report with the liquidators appointed by the Master of the High Court.

Is MTI still under investigation?

“The FSCA found that no withdrawal of bitcoin by MTI from FXChoice occurred in July 2020. The last withdrawal of bitcoin by MTI from FXChoice was conducted in August 2019. “The investigation is ongoing, and a criminal case has been opened by the FSCA with the South African Police Service.”

Who is Johann steynberg?

America’s Federal Bureau of Investigation (FBI) has joined the hunt for Mirror Trading International (MTI) Bitcoin scam kingpin, Johann Steynberg, who allegedly defrauded investors of billions of Rand over the past few years. Steynberg started MTI in April 2019 as an automated Bitcoin trading platform.

Is MTI registered in South Africa?

MTI is a registered South African company, with a legal team, management team, and soon, an office in Stellenbosch, Western. Cape.

Who are the liquidators of MTI?

Six final liquidators were appointed at the first meeting of MTI creditors with the Master of the High Court on 5 November 2021. The liquidators are Herman Bester, Riaan van Rooyen, Jacolien Barnard, Deidre Basson, Christopher Roos and Chavonnes Coopers.

Is Mirror trading still operating?

Disgraced bitcoin trading platform Mirror Trading International has been placed into final liquidation by order of the Western Cape High Court. MTI collapsed in late December after it stopped paying out funds to members and its CEO Johann Steynberg went missing.

Will I get my money back from MTI?

Members of disgraced Bitcoin trading scheme Mirror Trading International (MTI) will not have to pay back their earnings if they put in claims against the group, according to one of the scheme’s liquidators. MTI was an online bitcoin trading platform that promised lavish returns to tens of thousands of investors.

Who is the CEO of MTI?

CEO Johann Steynberg
The estate of missing Mirror Trading International (MTI) CEO Johann Steynberg has been placed into final sequestration by an order of the Polokwane High Court. The ruling was handed down on Tuesday, some three weeks after MTI was liquidated by an order of the Western Cape High Court.