MTI liquidators claim billions from bosses, wives for 'theft and fraud' of bitcoin

10 May 2022

Jan Cronje

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MTI founder Johann Steynberg was arrested in Brazil in December last year.

Supplied

The liquidators of failed bitcoin trading platform Mirror Trading International (MTI) have gone to court to claim R4.6 billion back from its leadership, including its site's founder and CEO Johann Steynberg.

They are relying on sections in the Company's Act that allow a court to rule that employees and directors of a company that defrauded its creditors be held personally liable for losses.

The R4.6 billion is the rand value of roughly 6 900 bitcoin the liquidators say was invested into MTI by members of the public but is now "missing".

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