Scam-facilitating Crypto Payment Processor Zichain and its network
Zichain OÜ is a crypto payment processor and exchange licensed by the Estonian FIU. Besides, the company is also licensed as a general financial services provider and is doing business as Zichain, Cryptoeye, and Rashbe. Currently, one can only conduct crypto transactions through Zachain. Rashbe is associated with scams like Swiss500 or ApcoFX. In turn, Swiss500 is associated with Michael Zetser, who, together with Ilan Frankos, is behind the scam-facilitating high-risk payment processor GumBallPay.