Liquidators are encouraging MTI members to lodge claims, saying they will not be asked to pay contributions to the insolvent estate.
Some of MTIs leaders are believed to have made hundreds of millions from the scheme. Image: Luke MacGregor/Bloomberg
Collapsed bitcoin scheme Mirror Trading International (MTI) was placed in final liquidation this week by the Cape High Court.
This comes as liquidators revealed that they had managed to track down roughly 8000 additional bitcoin, on top of the 1281 bitcoin recovered from Belize-based broker FX Choice and sold for about R1.1 billion.
An additional 8000 bitcoin at current market prices is worth about R4 billion. Liquidators believe they will be able to track down m…
Read the full article at: https://www.moneyweb.co.za/moneyweb-crypto/mti-placed-in-final-liquidation-8-000-more-bitcoin-traced/