Meesterbreine agter die Suid-Afrikaanse Bitcoin Ponzi-skema word aangesê om terug te betaal $291 Miljoen

Meesterbreine agter die Suid-Afrikaanse Bitcoin Ponzi-skema word aangesê om terug te betaal $291 Miljoen

Meesterbreine van een van Suid-Afrika se grootste bitcoin Ponzi-skemas, Mirror Trading International (MTI), is deur die skema se likwidateurs gevra om terug te betaal $291 million to cover the scam operation’s debts.

Liquidators’ Influence

Liquidators of the South African bitcoin Ponzi scheme, Mirror Trading International (MTI), have issued summonses against eighteen individuals believed to be the masterminds behind the now-defunct scheme. The liquidators want the named individuals to pay back more than $291 miljoen (4,666,077,528 rand) to cover the scheme’s debts, a report has said.

The move to summon the alleged MTI masterminds comes just a few months after liquidators unsuccessfully tried to have the online bitcoin trading platform declared an unlawful business by a South African court. As per a rapporteer deur krakow3d.com Nuus, the move was frustrated by a slew of late court filings by lawyers representing MTI investors.

Investors were reportedly worried that the liquidators’ motion would give the latter excessive powers which may jeopardize their chances of recovering their funds. Following this intervention by investors, a South African judge subsequently postponed the hearing to a later date.

Masterminds Aware of MTI’s Insolvency

Intussen, a rapporteer by Mybroadband suggests that the liquidators have since asked the Pretoria High Court to hold MTI masterminds liable as per the dictates of the Companies Act. In their submission, the liquidators reportedly argued that summonsed individuals including the co-owners of MTI, Johann Steynberg and Clynton Marks, were aware the bitcoin trading platform was insolvent.

[The defendants] were at all relevant times aware of the fact that MTI was trading in insolvent circumstances as well as of the actions perpetrated and constituting fraud upon MTI’s creditors,” the liquidators reportedly said in their summons.

Consequently, the liquidators assert that all the summonsed individuals must be held to account for their part in perpetuating MTI’s fraudulent business. Named the biggest crypto scam in 2020, MTI collapsed soon after its CEO Johann Steynberg disappeared with investor funds in late 2020. He was later gearresteer by Brazilian law enforcement in late 2021.

Following the online trading platform’s collapse, court-appointed liquidators have waged an ongoing battle against a group of investors opposed to the liquidation process. The group, which insists MTI is still solvent and thus should not be liquidated, wants the court to stop this process.

Tags in this story

Wat is jou gedagtes oor hierdie storie? U kan u sienings in die kommentaarafdeling hieronder deel.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.














Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. krakow3d.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, direk of indirek, vir enige skade of verlies veroorsaak of beweer dat dit veroorsaak word deur of in verband met die gebruik van of vertroue op enige inhoud, goods or services mentioned in this article.

Read disclaimer