Mirror Trading International was provisionally liquidated in late December after its offices were raided by authorities and it stopped paying out funds to its thousands of members.
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The CEO of South African bitcoin trading planform MTI, which was provisionally liquidated in late December after it stopped paying out funds to thousands of members, has not been heard from in four weeks.
The group s head of communications and marketing says only Johann Steynberg can answer the question of anxious MTI investors.
While MTI has in the past denied it was a ponzi scheme, a professor of counter fraud studies says get-rich-quick schemes are likely to have proliferated due to Covid-19. The only person that can pay members their bitcoin back is the man that owned MTI and controlled the bitcoin, bot, broker and server, Johann Steynberg.
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Investigators from the Hawks probing bitcoin trading platform Mirror Trading International are working with colleagues investigating an earlier alleged bitcoin scam uncovered in 2018, called BTC Global.
BTC was a South African cryptocurrency trading platform that imploded in 2018 after its founder trader abruptly vanished, leaving over 25 000 members unable to withdraw their investments.
Two and half years later, Mirror Trading International - another cryptocurrency trading platform promising lavish returns, was placed into provisional liquidation after its founder disappeared.
Investigators from the Hawks probing bitcoin trading platform Mirror Trading International (MTI) – which was provisionally liquidated last month and whose CEO has hasn t been heard from in weeks, are working with colleagues investigating an earlier alleged bitcoin scam uncovered in 2018.
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Where’s Johann? Panama, Brazil, South America? Speculation is running rife as to the whereabouts of bitcoin trading group Mirror Trading International (MTI) founder and chief executive officer (CEO) Johann Steynberg who apparently left the country on 3 December 2020 and hasn’t been seen since. According to a statement released by MTI management on 19 December, he remained in contact with them until about a week ago and then seemingly went off the grid and has since been uncontactable. Several months ago, the Financial Sector Conduct Authority (FSCA) issued a warning to the public to steer clear of MTI, which promised.