Liquidation hearing for bitcoin platform MTI postponed to end of May

accreditation
0:00
play article
Subscribers can listen to this article
Getty Images

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. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.62
+1.0%
Rand - Pound
20.07
+0.9%
Rand - Euro
16.94
+0.8%
Rand - Aus dollar
11.61
-0.1%
Rand - Yen
0.12
+1.0%
Gold
1,789.54
+0.8%
Silver
20.66
+3.9%
Palladium
2,245.50
+5.4%
Platinum
945.00
+0.8%
Brent Crude
94.92
+0.8%
Top 40
63,771
+1.0%
All Share
70,266
+1.1%
Resource 10
65,045
+1.5%
Industrial 25
85,829
+1.1%
Financial 15
15,741
+0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders