Liquidation hearing for bitcoin platform MTI postponed to end of May

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The final liquidation hearing for bitcoin trading scheme Mirror Trading International (MTI) has been postponed to the end of May. 

The Stellenbosch-headquartered investment platform was placed into provisional liquidation in December last year after it abruptly stopped paying out funds to tens of thousands of its members. Shortly thereafter provisional liquidators were appointed. 

In the Cape Town High Court on Monday morning, Judge ET Steyn heard that more time was needed for additional filings to be submitted. The provisional liquidation order remains in place. 

The parties will reconvene on May 31 to hear whether the platform should be permanently liquidated. 

MTI is also still being probed by the Hawks. 

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