The order by the Cape Town court came after the Financial Sector Conduct Authority (FSCA) reported receiving complaints from investors who failed to withdraw invested funds. The court's decision also follows reports that Johann Steynberg, the CEO of the alleged online bitcoin scam platform, had skipped the country. At the same time, a statement released by MTI management alleges that Steynberg, who is no longer communicating with fellow executives, blocked his colleagues from accessing the company's funds. The management team said it is now working with law enforcement as it tries to recover investor funds.
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