FinTelegram Financial Intelligence
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Call to Whistleblowers: What Is the World Economic Council (WEC) Really Up To?
The financial world in Europe is still reeling from the collapse of Rene Benko’s Signa Group, one of the largest and most scandalous bankruptcies in European history. Amid the rubble, a curious pattern has emerged: leading figures from the World Economic Council (WEC) — including Robert Schimanko, Thomas Limberger, and their legal advisor and business partner William H. Shawn — have quietly moved into strategic leadership positions within foundations linked to Benko.
Latest Updates
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Financial Intelligence Report: Lykke Exchange Collapse
Swiss crypto exchange Lykke has collapsed following a major security breach in June 2024, resulting in the loss of approximately $22 million in customer funds. The incident led to the suspension of trading activities, bankruptcy proceedings, and significant financial losses for investors. This report analyzes the events leading to Lykke's downfall, the impact on stakeholders, and the ongoing legal actions.
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Hunting Down: Background on The Arrest of Garantex Co-Founder Aleksej Bešciokov in India!
On March 13, 2025, Indian authorities arrested Aleksej Bešciokov, a Lithuanian national and alleged co-founder of the sanctioned Russian cryptocurrency exchange Garantex, in Kovalam, Kerala. The arrest followed an international law enforcement action Bešciokov now awaits extradition to Lithuania on charges of money laundering, sanctions evasion, and facilitating ransomware transactions.
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Kraken’s $1.5 Billion NinjaTrader Acquisition Signals Bold Expansion Ahead of 2026 IPO
Kraken has acquired NinjaTrader in a $1.5 billion deal, marking a strategic leap toward uniting traditional finance with the crypto ecosystem. The move not only diversifies Kraken’s offerings but also sets the stage for its anticipated public listing in 2026. The timing aligns with renewed optimism in the crypto sector, driven by expectations of more favorable regulatory conditions under U.S. President Trump.
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Profile & Regulatory Analysis: Russian-Israeli Crypto Banker Moriel Carmi (formerly Mark Weinstein) and the Case for FCA Scrutiny
This report presents a comprehensive and objective profile of Moriel Carmi, a Russian-born Israeli financier previously known as Mark Mikhailovich Weinstein, who has emerged at the center of a growing network of high-risk payment processors and crypto service providers. Following a landmark ruling by the AIFC Court in Kazakhstan, questions now arise about Carmi’s regulatory fitness within the UK, where he operates the FCA-regulated e-money institution TomPay Ltd.
Payment Processors
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Financial Intelligence Report: The Disappearance of Magua Pay and Black Rabbit – A High-Risk Payment Processor in the Scam Broker Ecosystem
Magua Pay Inc., a Vancouver-based money services business (MSB license M21111044) operating under the brand Black Rabbit, has vanished from the digital landscape as of March 2025. Both its primary website (magua_pay.com) and Black Rabbit’s site are either under construction or offline, signaling potential operational collapse or regulatory pressure. FinTelegram exposed Magua Pay as a payment facilitator of broker scams and unauthorized broker schemes,
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Financial Cybercrime Report: Crypto Payment Facilitator Cratos And Its Bulgarian and Israeli Connections!
Following FinTelegram’s recent investigations into Cratos (Cratos.net) and its role in laundering funds for cybercriminals, new whistleblower information has revealed a deeper connection—Cratos appears to be a white label solution of Bulgarian payment processor SKYPAYGATE a/k/a SkyGate operated by Bulgarian-registered Sky Mechanics.
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Financial Intelligence Warning: Crypto Exchange Cratos (Cratos.net)
As revealed in the OCCRP investigation “Scam Empire,” Cratos (Cratos.net), operated by Blue Whale Tech Inc., has been identified as a key crypto payment processor and money laundering conduit for a Georgian cybercrime organization linked to A.K. Group. The exchange played a critical role in processing fraudulent investment transactions, enabling large-scale financial fraud.
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Exposing the Dark Side of Online Gambling: Whistleblower Reveals Alarming Tactics of Illegal Platforms in the UK!
A whistleblower has courageously stepped forward to expose the alarming operations of unlicensed online gambling platforms targeting vulnerable individuals in the UK. These platforms, operating under offshore licenses, exploit problem gamblers, circumvent self-exclusion systems, and engage in illegal payment practices.
Cybercrime Court Cases
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Financial Analyst Update: Libra Token Scandal and New York Lawsuit
The Libra token ($LIBRA) scandal has escalated into one of the most significant cryptocurrency controversies of 2025, with a class-action lawsuit filed in New York spotlighting alleged misconduct by key players in the token’s launch. Here are the latest developments surrounding this debacle, including the legal action initiated by Burwick Law against Kelsier Ventures, KIP Protocol, and Meteora, as well as the broader implications for the crypto market and investors.
Regulatory Updates
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FinTelegram Investor Briefing: Garantex Reemerges as Grinex Amid Sanction Evasion
Sanctioned Russian crypto exchange Garantex has allegedly relaunched under the brand Grinex, according to a March 2025 report by Swiss blockchain analytics firm Global Ledger. The rebranded platform is linked to Garantex through on-chain and off-chain evidence, including liquidity transfers, shared infrastructure, and operational patterns.
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Financial Intelligence Report: The Disappearance of Magua Pay, the High-Risk Payment Network of Moriel Carmi, and Regulatory Scrutiny
The recent disappearance of Magua Pay Inc. and its associated brand Black Rabbit raises serious concerns regarding the financial network behind high-risk payment processing, unauthorized financial services, and fraud facilitation. Magua Pay has long been identified as a facilitator of illegal gambling and broker scams
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Urgent Warning: Beware of Suki Chen and the Streakk/Earn World Crypto MLM Schemes!
FinTelegram’s investigations, alongside whistleblower reports, reveal that Suki Chen (aka Sukijami Chendrawan) is the alleged founder of Streakk and successor scheme Earn.World. Both schemes are suspected to be pyramid or snowball schemes (MLM schemes) that have been promoting their own STKK token. These operations have been flagged as fraudulent and are under scrutiny for securities fraud and Ponzi-like activities.
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European Funds Recovery Initiative (EFRI) is a non-government organization with the mission to support scam and cybercrime victims.
