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Comprehensive Analysis Report on CoinsPaid and CryptoProcessing: Latest Numbers and Massive Anonymous Attacks!
The CoinsPaid operates through a number of legal entities in different jurisdictions. The official beneficial owners are the Austrian Alexander Horst Riedinger and the Ukrainian Max Krupyshev. Most recently, its CryptoProcessing reported that it had processed €2.230 billion in Q3 2024 as the leading crypto payment processor. The CoinsPaid group is at the center of serious accusations that are anonymously made on the web.
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Russian Gotbit Founder Indicted: Crypto Market Manipulation Scheme Exposed!
Aleksei Andriunin, founder of the crypto services firm Gotbit, has been indicted on charges of wire fraud and conspiracy to commit market manipulation. Gotbit, a self-claimed “market maker,” allegedly orchestrated artificial trading volumes to boost the visibility of cryptocurrencies on exchanges, using “wash trades” to deceive investors and authorities.
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Super Micro Computer’s House of Cards Crumbles: Auditor Exodus Sparks Financial Firestorm!
Super Micro Computer (SMCI) has been facing significant challenges recently, leading to a sharp decline in its stock price. EY had resigned as its auditor deepening investor worries about accounting practices at the artificial intelligence server maker. The Nasdaq-listed shares of the company, best known for making artificial intelligence (AI) servers, lost 47% over the last three days since.
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Russian Billionaire Avdeev Sells Out for Family Focus – Leaves Russia and Business Behind
Russian billionaire Roman Avdeev has exited his Russian business ventures to prioritize family time with his 23 children. Selling his stake in Rossium Group to Sergei Sudarikov, a prominent Russian entrepreneur and financial services expert, Avdeev marks a complete departure from Russian assets, declaring a shift to personal pursuits over corporate ambitions.
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Michael Saylor’s MicroStrategy Launches Massive $42 Billion Bitcoin Buying Plan in “21/21” Strategy!
MicroStrategy, the US-based Bitcoin-centered software company founded and led by Bitcoin evangelist Michael Saylor, unveiled its bold “21/21 Plan” that calls for $21 billion of equity raises and $21 billion of debt offerings over the next three years to fuel its Bitcoin treasury. This major capital push aligns with the company's high-yield BTC acquisition strategy.
Payment Processors
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Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!
Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.
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Cybercrime Alert to Payment Processors: Warning Against Acceptance of Anonymous Domain app-paymentgw.pgws2b.com
The FinTelegram research team has identified a suspicious domain https://app-paymentgw.pgws2b.com currently deployed by several anonymously operated online casinos of Liernin Enterprises, including Malina Casino, Talismania, SlotUna, and others. This domain has been flagged due to its association with activities that potentially violate financial regulations and legal standards for online gambling.
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Report on Cazimbo Casino: The Role of Payment Processors in Facilitating Illegal Online Casinos!
Another day, another exposed illegal online casino facilitated via Cyprus. Payment processors play a crucial role in sustaining this underground economy. FinTelegram's research repeatedly reveals that without these facilitating payment processors, many illegal online schemes, particularly in the gambling sector, would not thrive. Currently, we are focusing on the brands of the collapsed Rabidi Group that continue to operate anonymously and unauthorized. Here is our report on Cazimbo.
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The Rabidi Case: The Mysterious Actions of Beneficial Owner Denys Butko and Other Connections
The case of the Rabidi Group is a prime example of the opacity of the online casino sector. Rabidi, once a significant player in the online gambling industry with a Curacao license, has recently come under scrutiny after the group's sudden disappearance following its bankruptcy in June 2023. Following FinTelegram reports, Denys Butko, the alleged beneficial owner recently deleted his LinkedIn profile.
Cybercrime Court Cases
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Bankrupt Crypto Exchange FTX Settles Suit Against Crypto Firm Bybit for $228 Million!
The legal dispute between the collapsed U.S. crypto exchange FTX and Dubai-based Bybit has recently reached a significant milestone with a settlement agreement worth $228 million. Here's an overview of the background, context, and latest developments. The settlement comes just in time for the expected bull run in the crypto segment.
Regulatory Updates
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U.S. Crypto Exchange Kraken Restructures with 15% Layoff and New Co-CEO Amid Crypto Industry Shifts
Evidently, the crypto industry moves into another transformative bull run. Kraken, one of the global crypto giant, just announced a 15% workforce cut, reshaping its leadership and structure. The move includes the exit of key executives and the appointment of Arjun Sethi as co-CEO, as Kraken aims to streamline and stay competitive in the turbulent crypto landscape.
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Ukraine Slams FATF Decision to Keep Russia Off Anti-Money Laundering Blacklist!
Ukraine has expressed sharp disappointment following the FATF's refusal to blacklist Russia, calling it a "fracture" in the global anti-money laundering system. Kyiv’s demand for tougher financial scrutiny over Russia has once again hit a wall due to a split among member states. Perhaps the international community will come to its senses and seek solutions instead of aggression.
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WordPress vs. WP Engine: The Clash That Could Rewrite Open Source Rules!
The ongoing dispute between open source giant WordPress, represented by its founder Matt Mullenweg and Automattic, and WP Engine, a prominent WordPress hosting provider, has escalated into a significant conflict within the open source community. This report analyzes the key aspects of the battle, its context, and potential broader implications for the open source ecosystem.
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