Mirror Trading International

[Venator]

That address belongs to an exchange, that is why all their wallets seem to be associated with it.

If what you shown above links up then at minimum it means they are funneling all the collected BTC to a bitcoin exchange to do what ? Are they cashing out or attempting to do failed trading ? Im nearly 100% certain that wallet belongs to Binance.

The very first transaction on that address -> 2017-11-01

Only an exchange would reuse the same wallet for such a long duration, it is also possible that the wallet belongs to one of the chinese exchanges like huobi or okex which would make it even more sinister because the oversight there is so lacks and if they have contacts in chinese to attempt to liquidate the balances it would make it easier for them to remove all traces.

I also did just stumble upon this:

 

[Venator]

This one also

 

[John Tempus]

OMG we are so fking slow.

What do I bet this wallet belongs to a bitcoin mixing service. That would explain the HUGE amount of BTC in volume going through these wallets.

MTI is receiving BTC on wallet X then they scoop together whatever was deposited and send it to mixing service that is mixing the outputs from the single wallet. Thats why there is so many different scams from all over the place linked to the same wallet, they are all mixing coins thought the same mixer to make it "clean".

This would actually completely explain why this one wallet is in use for so long, the longer u use the same wallet the better mixing with input/outputs you would get and the only thing people can do eventually is state that wallet X is a mixing wallet and begin dissecting from there which becomes more cumbersome.

Now here is the next big question, why the hell would MTI need to constantly mix the new coins they receive ? I kid, we all know why.

 

[Snyper564]

We might be able to do something else. Could we perhaps compile a list of address known to have been used by MTI, and then cross reference them with addresses that we find for this Steven Twain?

Have a look from page 15 to 22 I think I listed about 4 or 5 wallets. Including Cheri’s MTI address. I'm using a cellphone at the moment little difficult to copy the stuff..

 

[Snyper564]

@Venator you obviously understand what to look for here is the post, have fun and let us know what you find

Mirror Trading International

You can pay extra to have it hidden.

mybroadband.co.za

Mirror Trading International

You can pay extra to have it hidden.

mybroadband.co.za

 

[Snyper564]

OMG we are so fking slow.

What do I bet this wallet belongs to a bitcoin mixing service. That would explain the HUGE amount of BTC in volume going through these wallets.

MTI is receiving BTC on wallet X then they scoop together whatever was deposited and send it to mixing service that is mixing the outputs from the single wallet. Thats why there is so many different scams from all over the place linked to the same wallet, they are all mixing coins thought the same mixer to make it "clean".

This would actually completely explain why this one wallet is in use for so long, the longer u use the same wallet the better mixing with input/outputs you would get and the only thing people can do eventually is state that wallet X is a mixing wallet and begin dissecting from there which becomes more cumbersome.

Now here is the next big question, why the hell would MTI need to constantly mix the new coins they receive ? I kid, we all know why.

For those that want to learn something new in the btc world

Cryptocurrency tumbler - Wikipedia

en.m.wikipedia.org

.

 

[newby_investor]

So I've been giving this a bit of thought. These guys may or may not have a bot that looks like a 3D-printer, but they obviously have enough technical chops to be able to present a platform for their users to log in, and see some kind of activity, and make withdrawals (some people have already reported successful withdrawals, so they must have some kind of semi-functional backend).

The other thing is the surprising consistency of their so-called bot.

If you are rolling dice, your individual rolls will vary randomly between rolls, between 1 and 6. But if you roll 1000 of them, add them all up, and get the average, it'll be pretty damn near 3.5, pretty much all the time.

So there is a remote possibility, IMO, if we allow a bit of the benefit of the doubt, that they've got not one, but dozens of bots, doing different trades, and their average profit comes out fairly consistently above zero. I'd imagine that if this bot technology is so secret, that this would be a good technique to reduce the variability and risk, and that they wouldn't want to tell anyone about it. If you understand a bit of statistics though it's not too hard to figure out.

I still can't work out how you can park your bitcoin somewhere and then trade forex while never touching the actual bitcoin. I've never heard of such a trading platform.

I don't know what you guys' thoughts are. Even if you stretch your mind a bit, there are too many other red flags with this business for me to be comfortable with it.

 

[Speedster]

So I've been giving this a bit of thought. These guys may or may not have a bot that looks like a 3D-printer, but they obviously have enough technical chops to be able to present a platform for their users to log in, and see some kind of activity, and make withdrawals (some people have already reported successful withdrawals, so they must have some kind of semi-functional backend).

The other thing is the surprising consistency of their so-called bot.

If you are rolling dice, your individual rolls will vary randomly between rolls, between 1 and 6. But if you roll 1000 of them, add them all up, and get the average, it'll be pretty damn near 3.5, pretty much all the time.

So there is a remote possibility, IMO, if we allow a bit of the benefit of the doubt, that they've got not one, but dozens of bots, doing different trades, and their average profit comes out fairly consistently above zero. I'd imagine that if this bot technology is so secret, that this would be a good technique to reduce the variability and risk, and that they wouldn't want to tell anyone about it. If you understand a bit of statistics though it's not too hard to figure out.

I still can't work out how you can park your bitcoin somewhere and then trade forex while never touching the actual bitcoin. I've never heard of such a trading platform.

I don't know what you guys' thoughts are. Even if you stretch your mind a bit, there are too many other red flags with this business for me to be comfortable with it.

I think you're over-complicating a reasonably simple matter. There is no way this isn't a Ponzi, and there is no trading going on.

 

[warrenpridgeon]

So I've been giving this a bit of thought. These guys may or may not have a bot that looks like a 3D-printer, but they obviously have enough technical chops to be able to present a platform for their users to log in, and see some kind of activity, and make withdrawals (some people have already reported successful withdrawals, so they must have some kind of semi-functional backend).

The other thing is the surprising consistency of their so-called bot.

If you are rolling dice, your individual rolls will vary randomly between rolls, between 1 and 6. But if you roll 1000 of them, add them all up, and get the average, it'll be pretty damn near 3.5, pretty much all the time.

So there is a remote possibility, IMO, if we allow a bit of the benefit of the doubt, that they've got not one, but dozens of bots, doing different trades, and their average profit comes out fairly consistently above zero. I'd imagine that if this bot technology is so secret, that this would be a good technique to reduce the variability and risk, and that they wouldn't want to tell anyone about it. If you understand a bit of statistics though it's not too hard to figure out.

I still can't work out how you can park your bitcoin somewhere and then trade forex while never touching the actual bitcoin. I've never heard of such a trading platform.

I don't know what you guys' thoughts are. Even if you stretch your mind a bit, there are too many other red flags with this business for me to be comfortable with it.

I can build a functioning system like theirs in a week or two. it is not complicated.

It could take deposits, manage the binary legs, track balances, publish weekly trading reports automatically (pulled from real trade data on markets with open apis), "allocate" those earnings automatically based on investment levels and all that binary goodness.

Their backend is not slick nor amazing and can be fed whatever data they want to display.

 

[newby_investor]

I can build a functioning system like theirs in a week or two. it is not complicated.

It could take deposits, manage the binary legs, track balances, publish weekly trading reports automatically (pulled from real trade data on markets with open apis), "allocate" those earnings automatically based on investment levels and all that binary goodness.

Their backend is not slick nor amazing and can be fed whatever data they want to display.

You have a particular set of skills though. I couldn't do that, though I suspect given about six months I could probably learn.

It sounds as though the MTI crew is more skilled in scamming people. So they must have paid a Dev.

 

[warrenpridgeon]

You have a particular set of skills though. I couldn't do that, though I suspect given about six months I could probably learn.

It sounds as though the MTI crew is more skilled in scamming people. So they must have paid a Dev.

Johan has an "IT background" I think it might have been based in development possibly. Not sure. They used excel for their business back with his dad and then he went to varsity or something to learn to make it better or some such.

 

[Venator]

12Mting6yNBjDk2b7PZjDkwFEs9xfXB1wE

Where did you get that address from?

 

[r00igev@@r]

I'm afraid to say unless the Texans take action this scam will go on for months. Don't know what contacts these guys have here locally but for a good 8months before BTC Glpbal collapsed, I sent a load of evidence amongst others to SARB ,Sars, media including carte blanche , Bruce Whitfield (702), even to Chad Thomas at IRS the investigation company mentioned earlier in this thread. Not one of them took any action or followed up. Two years down the line since it imploded and still no one has been brought to book. Vivienne Budge really went through hell exposing Cheri and co and seemed to have to endure more than the perpetrators. An absolute joke how they continue to get away with their scams.

It is an indictment against our society that foot soldiers end up taking the heat while someone with deep pockets and can afford to pay the exorbitant legal fees walks off Scot free.
I have done something similar to you and send something through to Alec Hogg of biznews.
But here is a good start. When people search for "Mirror Trading International" google maps info appears. So help google understand that this is a ponzi by providing maps with pictures, reviews and questions. Move the review of MTI down to 1 as a start!

 

[r00igev@@r]

I can build a functioning system like theirs in a week or two. it is not complicated.

It could take deposits, manage the binary legs, track balances, publish weekly trading reports automatically (pulled from real trade data on markets with open apis), "allocate" those earnings automatically based on investment levels and all that binary goodness.

Their backend is not slick nor amazing and can be fed whatever data they want to display.

How do they allocate people into the binary? Is it random? If I register on the web site do they allocate the person into one of the pigs in the farm house (aka leadership?

 

[warrenpridgeon]

So... Affiliates are doing this

They create a "copy" of the MTI site, make the register/signup now link go to the real MTI site via their signup link... And then they set up google ads... LOL.

 

[warrenpridgeon]

How do they allocate people into the binary? Is it random? If I register on the web site do they allocate the person into one of the pigs in the farm house (aka leadership?

When you sign up you use a referral code... That links you to whomever you signed up underneath. There is an "auto" function, but is probably just using the total value in both of the "sponsors" legs to automatically decide which leg to put them in under the sponsor. Very simple "problem" to solve in terms of writing the code to do that.

Effectively the codes link you to your sponsor and your sponsor is linked to his/her sponsor and so on.

 

[r00igev@@r]

I think you're over-complicating a reasonably simple matter. There is no way this isn't a Ponzi, and there is no trading going on.

You have hit the nail on the head. It is all smoke and mirrors but it started as a trading game then became a ponzi.
As a ponzi it is eating its tail.
Why is the company called "Mirror Trading"? It started as using neno's bot. IMHO.
Why don't they give a hoot about losing their primary broker? Because they don't need a broker while the slaves are joining the binary.

 

[r00igev@@r]

When you sign up you use a referral code... That links you to whomever you signed up underneath. There is an "auto" function, but is probably just using the total value in both of the "sponsors" legs to automatically decide which leg to put them in under the sponsor. Very simple "problem" to solve in terms of writing the code to do that.

Effectively the codes link you to your sponsor and your sponsor is linked to his/her sponsor and so on.

So you cannot join without a "sponsor"?

 

[Snyper564]

So you cannot join without a "sponsor"?

No but if you join off the original site it's under MTI as the main sponsor

 

[r00igev@@r]

So... Affiliates are doing this View attachment 889682

They create a "copy" of the MTI site, make the register/signup now link go to the real MTI site via their signup link... And then they set up google ads... LOL.

I block all ads using my back end cloud linux aggregator as well as ublock origin in the browser so haven't seen them. Ads links are bad as you never know were they take you.
But that is a good spot. I'll dig into them.