Mirror Trading International (MTI) liquidators in South Africa have dismissed claims that designating the defunct bitcoin investment platform an illegal enterprise will result in victims losing everything. A few MTI investors and their legal representatives, according to the liquidators, are spreading the “unsubstantiated” assertion.
The liquidators, according to a Mybroadband report citing an Investrust circular, are adamant that there is no proof to back up the assertions. According to the report:
“The available evidence is overwhelming and uncontroverted:”
“MTI was a massive fraudulent scam, and this will remain the position.”
MTI investors who stand to lose everything should not be duped by assertions that the company only failed owing to “poor trading,” according to the liquidators. The liquidators claim in their circular that MTI was always a “scheme run by top-tier investors and promoters to milk bitcoin”
” from later investors and the lower tiers on a daily basis.”
Meanwhile, the article said that liquidators were required to react to claims made by Hendrik van Staden. Who’s, a lawyer who represents a group of creditors. Then, whose High Court suit to have MTI liquidated is slated to be heard on March 2, 2022.
In addition to warning investors that they will lose everything, Van Staden is said to have advised his clients that if MTI is declared an illegal corporation. That’s, everything will be surrendered to the state.
“This assertion is absolutely false and deceptive.” In these circumstances, the legal position is trite. The liquidators responded to Van Staden’s assertions by saying, ”
“It is reckless and tragically inaccurate statements like this that induce investors”
” to wrongly question the motives and integrity of the liquidators.”
The liquidators also pushed back against allegations that MTI was still solvent in their circular. They allege that due to the growing number of claims against MTI. That’s, the sum owed to creditors would soon exceed the value of the 1,282 bitcoins seized thus far.
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