Crypto Payments | FinTelegram News

Category: Crypto Payments

November 8, 2022

Whistleblower Request: High-Risk Payment Prozessor Epoch And Cyprus Porn Clients!

In the last few weeks, as part of our Wirecard Legacy series, we have started research on high-risk processors for the porn sector. Wirecard was one of the payment processors for the porn empire of the MindGeek group, which operates the porn sites YouPorn and PornHub, among others. In addition, xHamsterLive and StripChat are also large porn sites operated by Technius Ltd, which is registered in Cyprus. Epoch is involved as a payment processor, among others. We would like to know more.

October 25, 2022

Interesting! Crypto Payment Processor CoinsPaid Announced Impressive Performance Numbers!

A few days ago, CoinsPaid, including CryptoProcessing, issued a press release claiming to be the largest crypto payment ecosystem. Allegedly, it has processed over €16 billion worth of crypto in total and continues growing by nearly €1 billion per month in the declining market. In Q3 2022, CoinsPaid allegedly processed 4.9 million transactions worth approximately €3 billion. We exposed CoinsPaid as a payment processor in broker scams and illegal gambling ventures. Impressive, isn't it?

October 24, 2022

Crypto Payment Processor Paybis With Impressive Growth!

The 2021 annual accounts of Paybis Ltd in Scotland look impressive. They show receivables of more than £5.7 million and cash of £605,017. This compares to current liabilities of around £1.5 million, leaving total net assets and shareholder funds of just under £4.8 million. Business at the crypto payment processor controlled by Latvian Innokenty Isers, which also operates in the U.S., appears to be going well. Here is an initial review.

October 9, 2022

MoonPay Goes Brazil And Signes Sponsorship Agreement Despite Depressive Crypto Environment!

Amid Crypto Winter, the crypto exchange MoonPay, with a reported valuation of $3.4 billion, announced a new sponsorship agreement with Clube de Regatas do Flamengo, one of Brazil’s largest soccer clubs. The Campeonato Serie A club has signed a wide-ranging agreement. The deal, brokered by Sportfive agency, aims to boost Flamengo’s revenues and fan engagement by leveraging NFTs and Web3 to support its ticketing, marketing, merchandise, and social and digital media.

October 7, 2022

The EU Crypto Ban On Russians And Some Of The Top Crypto Payment Processors Affected!

The EU has announced an adaptation of the existing sanctions package against Russia. Among other things, this provides for a complete ban on crypto services for Russian companies, citizens, or residents. This ban will probably be critical for licensed or unlicensed Estonian crypto payment processors. We have repeatedly pointed out that FIU-licensed Estonian and some Lithuanian crypto platforms apparently do a significant part of their business with Russian merchants and consumers.

Crypto Payments

October 3, 2022

Update On Russian High-Risk Crypto Payment Processor Itez!

Over the last years, FinTelegram has discovered the Russian-controlled high-risk payment processor Itez in several scams, such as FXOptex, Optimus Markets, and Spintop Capital. Itez is operated by FIU-licensed Estonian DataBridge OÜ and the UK-registered Hypergate Ltd. In both companies, Maria Neverdinova-Rostovtseva is installed as a director. The Itez scheme is connected to the Italian Allesandro Rocco Piedrodola and his group of companies. Similarweb says they mostly do business in Russia, Ukraine, and Belarus.

Crypto Payments

October 3, 2022

Introducing Registered Maltese Crypto Payment Processor Instacoins

Instacoins is a crypto payment platform registered by the Estonian FIU and the Bulgarian National Revenue Agency. According to the information on LinkedIn, the Instacoins Group is a Maltese project controlled by Instacoins Holding Ltd, despite its registration in Bulgaria and Estonia. We have discovered Instacoins as a payment processor at unauthorized Forex, CFD, and crypto brokers CryptoRocket, LonghornFX, and CedarFX, PayRate42 included it in its "Orange Compliance" list.

September 29, 2022

Crypto Payment Processor Koinal And Its Turkish Connections!

The two crypto payment processors, Koinal and Bitpace were operated by the then FCA-regulated SG Veteris Limited until 2020. This was controlled by FinTech entrepreneur Ozan Ozerk until 2018. Since then, Ozerk's partner, Ahmet Cemal Dedeoglu, has officially been the controlling person. Today, the two crypto payment processors are currently operated by SG Veteris Europe EOOD in Bulgaria and SG Veteris Lithuania UAB in Lithuania. Most of the business is apparently likely to be done in Turkey.

September 26, 2022

Crypto Payment Processor MoonPay Plans To Expand On the NFT Fast Track!

In recent months, the Crypto payment processor MoonPay and its CEO Ivan Soto-Wright have come to our attention as aggressive crypto payment players fully embracing NFTs. Not necessarily a wrong strategy. However, we found the company as a facilitator of several scams. This can happen as well. The CyberFinance rating agency PayRate42 has put MoonPay on the Orange compliance list. Most recently, MoonPay has made headlines as a partner of renowned companies such as Universal Studios in the NFT environment. Here is a short introduction.

September 26, 2022

Oobit And Booking And BookingExpert Let You Pay For Your Hotel Reservation With Crypto!

Singapore-based crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced a partnership with hospitality software provider BookingExpert. The integration of its booking engine into the Oobit payment gateway will give BookingExpert clients access to the fast-growing demographic of crypto owners. As a result, any hotel using the BookingExpert service will now be able to accept crypto payments within their booking systems.

September 11, 2022

Whistleblower Request – Lithuanian Crypto Payment Processors Mirhax And Conivix!

Lithuanian crypto payment processor Mirhax recently came to our attention as a payment facilitator at the BBanc broker scam (report here). The potential BBanc victims were offered on the scam's payment page to buy cryptos via credit or debit card using Mirhax. These are then transferred to the BBanc scammers' wallets. The BBanc victims are directed to the Mirhax payment page via a referral link. It does not seem to be a deep integration. We would like to know more about Mirhax and the related Conivix scheme.

September 6, 2022

Israeli Crypto Payment Processor Oobit Registered in Italy As Digital Assed Services Provider!

The Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor's Estonian crypto license was archived as of August 3, 2022. Over the last few weeks, we have discovered the licensed Estonian crypto payment processor Oobit as a scam facilitator with the broker scams ExpressFX and StakingTrades.