Crypto trader seeks to block R2.85m iCE3X claim
A crypto-currency trader challenges a R2.85 million claim by liquidators, arguing the funds he withdrew belonged to him.
South African crypto trader Dietmar Rheeder-Kleist is contesting a R2.85 million claim made by the liquidators of the defunct iCE3X exchange. Rheeder-Kleist argues that the funds he withdrew from the platform were his personal assets, not company property. The liquidators, Marthinus Breytenbach and Gottlieb Moabelo, are seeking to recover R2,850,805.77 under the Insolvency Act.
Rheeder-Kleist's case, set to be heard on 15 October, hinges on the disputed transactions between January and March 2021. He maintains that iCE3X facilitated his personal crypto-currency trading, holding his funds in a custodial capacity, separate from the company's operational capital. Rheeder-Kleist has requested the agreement governing his account to formulate his defence, arguing that without it, he cannot establish the contractual basis of his position.
The liquidators are pursuing the case amid unresolved legal disputes and an extended deadline for the liquidation process.
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