Title: Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes
Post by: Bitcoin on Jun 04, 2024, 06:46 am
Post by: Bitcoin on Jun 04, 2024, 06:46 am
Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes
Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $15.2 million and legal fees of $7.78 million. […]
Source: Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes (https://news.bitcoin.com/liquidators-of-south-african-btc-scam-allocate-nearly-40-of-recovered-funds-to-legal-fees-and-taxes/)
Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $15.2 million and legal fees of $7.78 million. […]Source: Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes (https://news.bitcoin.com/liquidators-of-south-african-btc-scam-allocate-nearly-40-of-recovered-funds-to-legal-fees-and-taxes/)