Share this article
Further 8,000 MTI Bitcoin Traced as Firm Is Put Into Final Liquidation: Report
Liquidators will return to court in September to argue MTI should be declared a Ponzi scheme.
Updated Sep 14, 2021, 1:20 p.m. Published Jul 5, 2021, 12:36 p.m.
Mirror Trading International (MTI), the collapsed cryptocurrency trading firm, was placed into final liquidation and a further 8,000 bitcoin have been found, according to a Moneyweb report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- MTI was placed in final liquidation by the Cape High Court this week, Moneyweb said. It was placed into provisional liquidation in December, after allegedly lying to investors and operating illegally.
- The 8,000 bitcoin traced, valued about $268 million at Monday’s prices, are in addition to 1,281 bitcoin recovered from the broker FX Choice.
- The liquidators say they believe they will be able to track down more of the estimated 29,000 bitcoin that flowed into MTI, according to Moneyweb.
- The firm was declared fraudulent by Texas state regulators in July 2020 and a probe by South Africa’s Financial Services Conduct Authority concluded MTI deliberately misled investors and operated a financial service without a license.
- The liquidators will return to court on Sept. 8 to argue that MTI should be declared a Ponzi scheme, Moneyweb said.
Read more: Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
