Mirror Trading International (MTI) was founded in 2019 by South African CEO Johann Steynberg. The company solicited Bitcoin from the public, promising exceptionally high and consistent returns (up to 10% per month) allegedly generated by a proprietary AI-powered trading "bot." Operating as a multi-level marketing scheme, it attracted over 280,000 members from more than 170 countries. In late 2020, the scheme collapsed after Steynberg disappeared with client funds. Subsequent investigations by global financial regulators and appointed liquidators confirmed MTI was a fraudulent pyramid and Ponzi scheme, with no evidence of successful trading activity. The company is now defunct and subject to ongoing liquidation proceedings and international lawsuits.

Founded in

United States