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  • Market Cap: $2,407,087,163,783.41
  • 24h Vol: $55,445,170,526.62
  • BTC Dominance: 56.57%

Bitcoin Ponzi scheme

claims-against-collapsed-south-african-bitcoin-investment-firm-rise-to-$84.5-million

Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million

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Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme. MTI […]

Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million Read More »

liquidators-of-south-african-btc-scam-allocate-nearly-40%-of-recovered-funds-to-legal-fees-and-taxes

Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes

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Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $15.2 million and legal fees of $7.78 million.

Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes Read More »

mirror-trading-international-liquidators-spent-more-than-$6-million-on-lawyers-and-investigators

Mirror Trading International Liquidators Spent More Than $6 Million on Lawyers and Investigators

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Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered approximately $770,000 which belonged to MTI. Liquidators’ Fees Liquidators of the collapsed bitcoin Ponzi

Mirror Trading International Liquidators Spent More Than $6 Million on Lawyers and Investigators Read More »