R1 billion in Bitcoin recovered from previous MTI broker

Hanno Labuschagne

Staff member
Sep 2, 2019
R1 billion in Bitcoin recovered from previous MTI broker

FXChoice, the broker originally used by defunct get-rich-quick scheme Mirror Trading International, has transferred around 1,200 bitcoin that laid frozen in an account since June 2020.

The funds were transferred to a liquidator in South Africa at the authorisation of the Financial Services Conduct Authority (FSCA), FXChoice stated.

Mirror Trading International (MTI) was a scheme that claimed to offer automated trading services — initially in forex, and later in cryptocurrency derivatives — with growth rates of between 0.5% and 1.5% per day.
Even though it is worth over R1 billion at today’s exchange rates, when split equitably over everyone who lost money in MTI the recovered funds will not stretch far.

This would be stupid. All these scamsters don't deserve a cent. Ignorant or not.
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So who gets it?
I'm impressed they got something back.
Something to consider the matter closed.
Then we all know what happens
(Or rather, we don’t need to know what happens)