“Masterminds” of South Africa’s biggest Bitcoin scam summonsed — on the hook for R4.7 billion

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“Masterminds” of South Africa’s biggest Bitcoin scam summonsed — on the hook for R4.7 billion
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The liquidators of Mirror Trading International have issued a combined summons for 18 individuals, holding them liable for almost R4.7 billion that they say the scheme owes victims.

MyBroadband contacted all eighteen defendants named in the liquidators’ papers, and Cheri Marks responded by publication time.“In the interim, we can say that there are some very concerning aspects of the application,” Marks stated.

“To date, we have had no access to the data used to calculate these sums and therefore cannot verify the authenticity of the model used.” “This allegation again comes down to proof of solvency. Again we deny there is currently or was ever a solvency issue with the company and further deny our liability on the grounds provided by the joint liquidators,” Marks said.

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