A cryptocurrency investment company, Mirror Trading International (MTI), has been accused by Anonymous ZA, a research group from South Africa for being a fraudulent firm and probably looking to scamming the people out of their digital funds.
MTI Will Be Pursuing Legal Action
As of now, MTI fights back and claims that the company’s alleged findings are not only false but are also designed particularly to slander the company and are not backed up by any evidence of truths of any kind. MTI is not taking the accusations kindly and says that they’re planning to file a lawsuit against Anonymous ZA.
The reports have suggested that the enterprise is taking cover behind a crypto façade and is looking to pull off a multi-level scam while allegedly offering the people a chance to invest in bitcoin and other assorted digital currencies. Adding to this, MTI was lately investigated by the Financial Sector Conduct Authority (FSCA) in South Africa, which is then believed that the firm shall hold a license for being a financial services provider.
Additionally, the FSCA has claimed that MTI’s investment claims went in contrast to reality, which also waved several red flags in the investigation body. Since advised, any traders who work for MTI must withdraw all their funds and then cease their relationships with the company ahead of time.
MTI now accuses Anonymous of ZA for obtaining the information it has about the company through a data breach. However, the latter denied that it didn’t hack the MTI’s network servers or databases. The MTI’s spokesperson, Cheri Marks, has commented in the latest interview that her company is delving into who was responsible for the breach and that if they had committed an offense punishable by law.
She explained:
Several Strange Occurrences
Anonymous ZA defends that it didn’t have to obtain the information via illegal means considering how easy it was to implement “scraping techniques” on MTI’s website. It has been estimated that the owners had the firm’s creators to dole out an amount of $19 million in bitcoin rewards to themselves. The report has been issued by the investigating firm and thus stating:
As a response, Marks had challenged the anonymous group to find investors who work currently with MTI that were unhappy with the company’s operations. She had also declared that executives had opened the company’s live trading account for the FSCA to view and monitor.
No Comment