Final liquidation of MTI postponed

Hanno Labuschagne

Staff member
Sep 2, 2019

Final liquidation of MTI postponed

The Western Cape High Court has postponed the hearing for the final liquidation of Mirror Trading International (MTI) until 31 May 2021.

MTI was a South African network marketing scam that claimed to offer automated trading services — initially in forex and later in cryptocurrency derivatives. It accumulated billions of rand worth of bitcoin during 2019 and 2020.

Chainalysis named MTI the biggest cryptocurrency scam of 2020 in the most recent edition of its Crypto Crime Report.
We definitely need more details. Not only who are the 3 parties opposing it but any comments from the provisional liquidators.

From what has been reported in this MyBB thread, there doesn't seem any chance at all that MTI could get back to functioning at anywhere like the reported levels of return. Therefore, IMO the groups wanting to avoid liquidation are simply intending to get the scammed investors off their backs so they can start another scam, probably with almost the same sheeple as before.