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Category: PayRate42

April 28, 2025

EXPLOSIVE REVELATIONS: 20Bet’s GERMAN GAMBLING EMPIRE – AND REVOLUT’S SHADOWY ROLE IN ILLEGAL PAYMENT PIPELINE

The cyberfinance rating agency RatEx42 just published an explosive report. A toxic web of regulatory violations, money laundering risks, and consumer exploitation has been exposed in Germany’s underground gambling scene – with 20Bet at its core and Revolut allegedly fueling its operations. Fresh evidence suggests a brazen disregard for EU gambling laws, AML protocols, and Germany’s strict GlüStV regulations45.

August 6, 2024

Bravo: Russian-Controlled Crypto Payment Facilitator CPS Group and its Remarkable Rating!

Russian financial service providers have not had an easy time since the Russian invasion of Ukraine in February 2022. Western sanctions have hit most of them hard. Despite the challenging landscape, CPS Group, with its crypto payment company CryptoPay, has managed to navigate the sanctions effectively. CPS Group's good rating, which was awarded by the cyber rating agency PayRate42, is particularly noteworthy.

July 4, 2024

PayRate42 Awards Circle with “Green Compliance” and “Green Risk” Ratings

Cyberfinance rating agency PayRate42 has awarded Circle, the issuer of the stablecoin USDC, with top ratings for both compliance and risk. The "Green Compliance" and "Green Risk" ratings reflect Circle’s adherence to stringent regulatory standards and its robust risk management framework. This recognition comes as Circle becomes the first stablecoin issuer to secure a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation.

July 3, 2024

Revolut’s Strong 2023 Results Lead to Confirmed Green Ratings from PayRate42

In a year marked by remarkable financial achievements, Revolut has reported record profits for 2023, prompting cyberfinance rating agency PayRate42 to reaffirm its Green Compliance and Green Risk ratings for the London-based fintech giant. PayRate42 positions itself as a private extension of state financial regulators and aims to inform and protect investors and customers of cyberfinance institutions through its rigorous assessments.

June 19, 2024

PayRate42 Flags Georgian Payment Processor OMNO for Critical Review!

In a recent development, PayRate42, a prominent cyberfinance rating agency, announced that it has critically reviewed the Georgian payment processor OMNO and included it in its Red Compliance and Red Risk lists. Despite its diverse range of payment solutions, this review underscores significant concerns about OMNO's transparency and regulatory compliance. FinTelegram’s recent analysis identified OMNO as part of a network of high-risk payment domains.

June 17, 2024

Whistleblower Information Requested: ContinentPay and Its Alleged Connections to Gery Shalon

Continent Pay, a/k/a ContintentPay, a high-risk payment processor, has come under the investigative lens of PayRate42 due to its purported connections with Gery Shalon, a notorious cybercriminal. It is alleged that Shalon controls Continent Pay through MARKET PROMO Sp. z o.o., a company based in Poland. A few days ago, a whistleblower request was also made on FinTelegram due to the high level of interest in this case.

June 7, 2024

#BinanceWatchDog: Mastercard’s Puzzling Decision to Resume Services with Binance Amid Ongoing Controversies!

In a surprising decision, Mastercard has decided to resume its debit card program with Binance, the world's largest and most embattled crypto exchange, despite numerous ongoing controversies and serious allegations. This move raises significant questions about the card giant’s risk assessment and decision-making processes. Trustpilot suspended the Binance TrustScore due to a fake review investigation. Consequently, PayRate42 downgraded Binance's Risk Rating to Red.

June 4, 2024

High-Risk Payment Processors: PayRate42 Included Canadian TODAPay in its Orange Risk & Compliance List!

Unfortunately, payment processors often treat their high-risk merchants unfairly or even rip them off. That is why risk and compliance ratings such as those from PayRate42 are very important. PayRate42 recently reviewed TODAPay, a Canadian Money Service Business (MSB), shedding light on the essential details and potential pitfalls for merchants considering their services. TODAPay received an Orange Risk & Compliance Rating.

PayRate42

May 26, 2024

Elevate Your Business Visibility with PayRate42 – The CyberFinance Rating Agency!

In the rapidly evolving world of cyber finance, where the boundaries of traditional financial regulation blur, our partner, PayRate42, emerges as a trusted rating agency. Payrate42 is not just a benchmark for quality and trust; it's a beacon guiding merchants and consumers through the dynamic landscape of neobanks, fintechs, paytechs, and crypto service providers. List your business today!

May 24, 2024

Urgent Notice: Beware of Fake Agents Claiming Affiliation with PayRate42

PayRate42, a renowned CyberFinance rating agency, has been a trusted source for profiling over 900 financial services providers, including those in the crypto sector, by assigning compliance and risk ratings. However, their esteemed reputation is currently being misused by fraudsters on social media platforms who are falsely posing as verified or certified agents of PayRate42. A notable case involves an individual named Daniel Leahy on LinkedIn.

March 6, 2024

Concerns Rise Over MEXC’s Unlicensed Operations in Multiple Countries

MEXC, a crypto exchange, is under scrutiny for offering services without proper licenses in various jurisdictions, including Canada and Australia, where market authorities have issued warnings against the platform's illegal operations. The U.S. has also restricted MEXC's activities, with the Financial Crimes Enforcement Network (FinCEN) denying permission due to compliance failures. Yet, insider reports suggest that MEXC continues to operate in the US market despite these bans.

February 16, 2024

PayRate42 Issues an ORANGE Rating to Centiwise in Recent Payment Processor Evaluation

In its latest analysis of the payment processing landscape, PayRate42, a prominent rating agency specializing in the scrutiny of payment processors, has cast a spotlight on Centiwise, a payment technology entity operating as part of OneXent Technologies Limited, based in Kenya. The agency, which prides itself on fostering transparency and safeguarding consumer interests, has attributed an ORANGE rating to Centiwise following a detailed review of its operations.

The SoftSwiss Connection: The War Between CoinsPaid and Ex-Director Frédéric Hubin!

A corporate war has erupted between Frédéric Hubin, former director of CoinsPaid, and the crypto payment processor itself. In an explosive LinkedIn post from April 2025, Hubin accuses CoinsPaid of processing payments for illegal SoftSwiss casinos, operating with negative equity, and being backed by Russian owners linked to controversial business networks. Meanwhile, CoinsPaid has partnered with Payabl in legal action against FinTelegram.

Hacking

Coinbase Breach Exposes Compliance Gaps: Criminals Stole Customer Data—$20M Bug Bounty Offered

Coinbase has revealed that unknown criminal actors exploited a zero-day vulnerability in a third-party library, enabling them to steal sensitive customer data. While no funds were lost, the breach highlights systemic compliance and operational risks in the crypto industry's cybersecurity infrastructure. The platform has responded with a $20 million bug bounty.

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.

Chasing René Benko’s Loot: New Investigations Target Benko’s Wife

In recent days, the Austrian Economic and Corruption Prosecutor’s Office (WKStA) has significantly expanded its investigations into the collapse of the Signa Group and its founder, René Benko. According to multiple Austrian media reports, new house searches have taken place at properties belonging to Benko’s wife, Natalie Benko, and his brother in Tyrol.

Crypto’s Dark Side: Money Laundering Scandals Are Reshaping the Cyber Finance Landscape

The $4.2 billion criminal settlement with Binance and the sentencing of its founder, Changpeng Zhao (CZ), was not an isolated event—it marked the beginning of a new regulatory era. In 2024 and 2025, multiple crypto platforms have come under fire for facilitating money laundering, especially in connection with online gambling, cyber fraud, and unregulated exchanges.