Pixabay
The controversial cryptocurrency trading company Mirror Trading International (MTI) has been placed under provisional liquidation in the hands of the Master of the High Court in Cape Town.
This follows after an urgent application for the liquidation was heard in court last week.
The application was filed by an investor who was unable to withdraw funds.
The cryptocurrency company made media headlines earlier when some of their data was leaked and indicated that they have about R2 billion in investments from clients.
MTI is under investigation for promising investors high returns on their investments, and possible questionable trading practices.
The Financial Services Conduct Authority has already warned investors of MTI to withdraw their money as soon as possible.
