MTI final liquidation postponed until May

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In the hope the failed bitcoin scheme can still be saved.
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The application for the final liquidation of Mirror Trading International (MTI) has been postponed until May 31, apparently by groups who believe the company can still be saved.
Moneyweb understands three groups are opposing the final liquidation in favour of business rescue, alternatively that they be allowed to restructure the company’s debts in terms of a Section 155 (of the Companies Act) compromise.
MTI was placed in provisional liquidation in December last year when investors tried without success to withdraw funds from the scheme, which was rated by Chainalysis as by far the world’s biggest crypto scam of 2020.

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