3 entries tagged “south-africa”.
A South African crypto investment platform (founded 2019) whose founders said it was hacked in April 2021, then left the country. Loss figures are heavily disputed ($3.6B reported vs ~$40–50M later); the founders deny wrongdoing.
Founder and CEO of Mirror Trading International (MTI). A U.S. court ordered him to pay over $1.7B in restitution for the largest Bitcoin fraud the CFTC has charged. He was detained in Brazil and reported to have died in 2024.
A South Africa-based operation that accepted only Bitcoin for a 'commodity pool' it claimed a bot traded. The CFTC called it the largest Bitcoin fraud it has charged — at least 29,421 BTC (~$1.7B) from 23,000+ people.