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US joins probe into SA crypto firm Mirror Trading


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US joins probe into SA crypto firm Mirror Trading
Seen as 2020’s biggest cryptocurrency scam, to help liquidators of the South African scheme recover the assets of out-of-pocket investors.
By Roxanne Henderson, Bloomberg
4 Aug 2021 
09:51 
Image: Bloomberg
US investigators joined an investigation into Mirror Trading International, seen as 2020’s biggest cryptocurrency scam, to help liquidators of the South African scheme recover the assets of out-of-pocket investors.
MTI, which in November said it had 260 000 members around the world and 23 000 Bitcoin now worth about $885 million, 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. ....

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FBI joins Mirror Trading probe in Africa to help recover US investor funds