Ina Opperman
Business Journalist
4 minute read
4 Aug 2021
3:25 pm

MTI Bitcoin scam kingpin now being hunted by the FBI

Ina Opperman

The liquidators of Mirror Trading International are heating up the search for kingpin Johann Steynberg by getting help from the FBI.

Photo: iStock

America's Federal Bureau of Investigation (FBI) has joined the hunt for Mirror Trading International (MTI) Bitcoin scam kingpin, Johann Steynberg, who allegedly defrauded investors of billions of Rand over the past few years. Steynberg disappeared in December, when he reportedly left for Brazil. Steynberg started MTI in April 2019 as an automated Bitcoin trading platform. Investors had to deposit a prescribed minimum amount of Bitcoin in MTI’s wallet and MTI said that it would grow these ‘investments’ by between 0.5% and 1.5% per day, using a ‘Trading Bot’ that uses software based on artificial intelligence. ALSO READ: MTI CEO disappears...