15 Jun 2021

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Waiting game continues as court hears disgraced bitcoin trader MTI never produced a single invoice

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Jan Cronje
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Judgment has been reserved in a bid to place MTI into final liquidation.
Judgment has been reserved in a bid to place MTI into final liquidation.
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South Africans who invested money into disgraced bitcoin trading platform Mirror Trading International (MTI) will need to wait a few more days to learn if it has been placed into final liquidation. 

The site collapsed in early December after it stopped paying out returns to investors and its founder, CEO and sole director Johann Steynberg went missing. No one has seemingly heard from Steynberg for five months. 

MTI was placed into provisional liquidation on 29 December, after which provisional liquidators were appointed to investigation what had happened to the bitcoin invested in it. 

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