South Africa’s Mirror Trading BTC scam to pay $1.7B in CFTC case
Mirror Trading allegedly scammed 30,000 BTC from over 23,000 American investors, which it misappropriated, and CFTC imposed restitution of over $1.7 billion.
Latest Mirror Trading International News
Africrypt founders under probe over $3.6B scam in South Africa
Authorities have launched a probe into the two Cajee brothers, the founders of Africrypt who allegedly vanished with billions after a Dubai firm started paying some of the victims.
Mirror Trading International: US enforcement agencies join probe into South Africa scam
The FBI is reported to be teaming up with liquidators managing the assets of Mirror Trading International, acting on behalf of U.S.-based investors who have been left short in the collapse of the exchange.
8,000 BTC from South Africa’s Mirror Trading International scam recovered: report
Mirror Trading International grabbed headlines after it allegedly scammed 280,000 investors by posing as a multi-level marketing scheme, promising get-rich-quick returns for the investors.
South African watchdog warns against growing digital currency scams
The Financial Sector Conduct Authority said it’s receiving a large number of complaints from South African investors who have lost their savings through digital currency scams.
Liquidators request greater powers in probing South Africa’s BTC Club
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
Texas shuts down fraudulent South Africa BTC trading pool
The Texas securities regulator has issued an emergency order stopping a South African BTC and forex trading pool that has been illegally targeting Texans.