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REGULATION | Creditors of the Defunct South African Bitcoin Fraud Scheme, MTI, Move to Remove Liquidators to Halt Further Erosion of Estate Funds
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REGULATION | Creditors of the Defunct South African Bitcoin Fraud Scheme, MTI, Move to Remove Liquidators to Halt Further Erosion of Estate Funds
Creditors of the collapsed Bitcoin scheme Mirror Trading International (MTI) have filed an urgent application in the Cape High Court, seeking to restrain and ultimately remove the joint liquidators amid mounting concerns that estate assets are being depleted by prolonged legal costs and overseas litigation. The UK-based group of MTI creditors wants the court to bar the liquidators from incurring further legal fees in the United Kingdom and to ei…
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