South Africa’s crypto sector reels as NTC Global Trade collapses, costing investors millions and sparking probes tied to murder.
Pretoria’s High Court has placed NTC Global Trade under provisional liquidation after its Business Rescue Practitioner resigned over death threats.
The company raised nearly R500 million (~$27.5m) from investors, but prosecutors allege it was a Ponzi scheme recycling deposits.
Attorney Bouwer van Niekerk, who investigated NTC, was assassinated in his Johannesburg law firm’s boardroom in September 2025, a killing linked to the case.
Authorities froze R176 million tied to director Edwin Thabo Letopa, while creditors and investors await a final liquidation ruling due November 6, 2025.
The collapse adds to South Africa’s long list of crypto scandals, including Mirror Trading International, underscoring regulatory gaps and investor risks.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
