Focus Reports

MiCA’s Offshore Back Door? Georgian Nylo Still Routes Betify Deposits Into Crypto Orders After 1 July!

One week after MiCA’s transition deadline, FinTelegram found Betify’s Skrill and Neteller-labelled deposit routes still leading to Georgian Nylo “Exchange orders” requiring users to buy crypto and send it onward. Nylo’s own Terms and AML Policy raise deeper questions about gambling payments, direct KYC, limited monitoring, VASP status and EU reverse solicitation.

Cybercrime

Bankruptcies et al

Startup on Trial Series

Terraform “Startup on Trial”: Do Kwon Sentenced to 15 Years After Judge Calls Terra Collapse an “Epic” $40B Fraud

A U.S. federal judge in Manhattan sentenced Terraform Labs founder Do Kwon to 15 years in prison, concluding that the TerraUSD/LUNA implosion was not a bad-product accident but a fraud that wiped out roughly $40 billion in market value and devastated real victims. The sentence lands as a defining “Startup on Trial” moment for crypto’s algorithmic-stablecoin era.

DeFi Decoded

MiCA Day One: FinTelegram Launches The MiCA/MiFID-II Perimeter Radar

As MiCA’s transitional period ends on 1 July 2026, FinTelegram launches its MiCA/MiFID-II Perimeter Radar to monitor crypto platforms, DeFi protocols, payment processors and trading venues operating at the edge of EU regulation.
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People Radar

Investor Briefings

Financial Influencers

Gambling’s Hidden Salesforce: How Social Media Influencers Funnel Millions of Europeans into Illegal Casinos

An investigation by Investigative Europe has exposed how high-profile YouTube and Twitch personalities across at least seven European countries are acting as de facto distribution agents for blacklisted, unlicensed online casinos — earning revenue-share commissions from the very losses of their followers. For compliance analysts and financial regulators, this is not a marketing story. It is a systemic liability chain spanning operators, technology platforms, and individual influencers that demands urgent enforcement attention.

Report: Finfluencers on TikTok and X – Roles, Reach, Evolution, and Key Trends

Over the past year, financial influencers (“FinFluencers”) have become increasingly prominent on social media, particularly on TikTok and X (formerly Twitter). These platforms have evolved in their content dynamics, user engagement, and regulatory environment, making them central to the dissemination of financial advice and market sentiment. This report analyzes the roles, reach, and key trends of finfluencers on TikTok and X

Sam Altman’s Olive Oil Moment: How Graza Became the First Cyber Society EVOO Brand

A Financial Times video interview with OpenAI CEO Sam Altman unexpectedly turned into a viral marketing miracle for a small olive oil brand called Graza. Altman was seen cooking with Graza’s “Drizzle” olive oil—meant for finishing, not cooking—sparking an online debate and catapulting the brand into global awareness. It’s a case study in how digitally native consumer brands can hijack moments.

From Crypto King to Prison Chess: SBF’s Defiant Rewrite of the FTX Saga

In a remote interview with Tucker Carlson on March 5, 2025, Sam Bankman-Fried (SBF), the convicted FTX founder, reframed his $10 billion fraud as a mere liquidity crisis, denying criminal intent while playing chess with Sean 'Diddy' Combs in prison. As he hints at GOP leanings and a potential pardon, SBF’s narrative sparks debate: a bid for redemption or a refusal to face the fallout?

Arms for Ukraine: Battlefield Necessity or Black Market and Money Laundering Bonanza?

The topic of Ukraine or Ukrainian individuals selling U.S. and Western arms supplies on the black market has been a subject of both documented incidents and widespread speculation, often amplified by rumors and disinformation. The US media personality Tucker Carlson is one of the main sources in the respective headlines. Here’s a breakdown of known information and rumors:

Compliance

MiCA/MiFID-II Perimeter Radar: Dream Finance, CoinsPaid And CryptoProcessing Enter The Restricted-Activity Zone

FinTelegram’s MiCA/MiFID-II Perimeter Radar examines Dream Finance OÜ, the Estonian operator behind CoinsPaid and CryptoProcessing. The group says its MiCA CASP application remains under review and that active activities have been restricted — but the CoinsPaid disclosure gap raises fresh compliance questions.

MiCA/MiFID-II Perimeter Radar: Hyperliquid And The EU’s On-Chain Perps Problem

FinTelegram’s first MiCA/MiFID-II Perimeter Radar case examines Hyperliquid, the on-chain trading ecosystem whose spot markets may raise MiCA questions and whose perpetual futures may trigger MiFID-II derivatives concerns.