8,000 BTC Belonging to Mirror Trading...

[seje]

8,000 BTC Belonging to Mirror Trading International Traced, Investors Urged to Lodge Claims

A total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors.

Liquidators Want Court to Declare MTI a Ponzi Scheme
The latest revelations came shortly after the granting of a final liquidation order against MTI by a South African court. Before this announcement, liquidators of the Ponzi scheme had only recovered 1,281 bitcoins that were surrendered to liquidators by MTI’s previous broker, FX Choice. As previously reported by Bitcoin.com News, the 1,281 bitcoins were ultimately sold and more than $70 million was raised from the sale.

However, as a Moneyweb report explains, liquidators intend to argue in favour of having MTI declared a Ponzi Scheme on their return to court on September 8. This declaration, according to the report, makes it “easier to chase down funds the liquidators believe rightfully belong to the insolvent estate.” The report also notes that those opposed to the declaration have until August 31 to file their replying affidavits.


https://news.bitcoin.com/8000-btc-belonging-to-mirror-trading-international-traced-investors-urged-to-lodge-claims/