South Africa will require that crypto exchanges in the country operate with licences by the end of the year.
Browsing: Mirror Trading International
A US federal judge has ordered the head of a South African firm to pay a whopping $3.4-billion in a massive cryptocurrency fraud case.
A US regulator has filed civil charges against a South African man and his company for operating a fraudulent commodity pool worth over R28-billion in bitcoin.
US investigators have joined an investigation into Mirror Trading International, seen as 2020’s biggest cryptocurrency scam, to help liquidators of the South African scheme recover the assets of out-of-pocket investors.
Hamilton Cheong, a South African-born forensic sleuth, has spent the last few weeks assisting law enforcement agencies around the world unpack what happened to the Africrypt billions.
Collapsed bitcoin scheme Mirror Trading International was placed in final liquidation this week by the Western Cape high court.
South Africa is moving with more urgency to stiffen oversight of cryptocurrency assets after a proliferation of scams.
It seems lightning does strike twice for Raees and Ameer Cajee, the two brothers behind Africrypt, the company that was supposedly hacked and whose wallets were emptied of R51-billion in crypto money in April.
While thousands of investors were scrambling to find out what happened to funds they had invested in failed crypto scam MTI, a far bigger crypto disappearing act has been playing out.
Court papers filed by the liquidators for failed crypto scam Mirror Trading International have lifted the curtain on one of the most extraordinary investment rip-offs in South Africa’s history.