Key Takeaways:
MTI liquidators report $395.4 million in claims while only $35.8 million remains as of Feb. 18, 2026.FXChoice froze 1,281 Bitcoins in 2020, representing the bulk of the estate’s current recovery.MTI investigators will now weed out class 3 debtors to finalize the total value of valid claims.The liquidators recently corrected earlier court filings regarding the number of creditors involved in the collapse. While initial documents filed in the Singapore High Court suggested approximately 304,044 creditors, officials clarified that this figure represents the total number of registered users. Many of these users are considered “debtors” rather than victims, as they were “class 3 investors” who turned a profit before the scheme’s demise.
In June 2020, the Belizean brokerage FXChoice froze 1,281 bitcoins after flagging suspicious activity. The subsequent sale of these assets generated approximately $57.2 million for the estate. Since then, recovery efforts have yielded more modest results. Liquidators have clawed back roughly $10.8 million across more than 690 settlements. A single major settlement accounted for $6.87 million of that total, while the remaining settlements averaged just over $5,700 each.
Financial records indicate that liquidators have spent approximately $32 million on legal fees and global recovery operations. This includes a $7.32 million fee claimed by liquidators in 2023. The investigation and objection process for the thousands of pending claims is set to begin shortly. Officials warned that the final value of valid claims is expected to decrease as they weed out fraudulent filings and those from investors who already profited from the scheme.
