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6 minute read
22 Dec 2020
4:59 pm

MTI CEO disappears with over R5 billion in investors’ bitcoin


It’s not looking good for the 280,000 members planning on harvesting profits before Christmas.

Picture: iStock

Where’s Johann? Panama, Brazil, South America? Speculation is running rife as to the whereabouts of bitcoin trading group Mirror Trading International (MTI) founder and chief executive officer (CEO) Johann Steynberg who apparently left the country on 3 December 2020 and hasn’t been seen since. According to a statement released by MTI management on 19 December, he remained in contact with them until about a week ago and then seemingly went off the grid and has since been uncontactable. Several months ago, the Financial Sector Conduct Authority (FSCA) issued a warning to the public to steer clear of MTI, which promised...