Tag: CoinPayments

Alex Alexandrov was born in Ukraine and moved to Canada at a young where he started a bitcoin mining venture around 2012. Back then, the Bitcoin (BTC) price was around $4. He later discovered crypto payment processor CoinPayments, which had several dozen merchants on its platform. Alex and his then partner Jason Butcher bought CoinPayments in 2013. Since then, CoinPayments saw explosive growth with a transaction volume of more than $2 billion a month, 115,000 merchants, and three million users.

CoinPayments is a pioneering crypto payments processor founded in 2013 by Alex Alexandrov and Jason Butcher in Caymen Islands. The operators used to be CoinPayments Inc. in Caymen Islands and the Estonian HODLtech OÜ. CoinPayments informed that effective 15 June 2022 it is providing its crypto payment services jointly with Venture Star UAB in Lithuania, replacing Estonian HODLtech OÜ of its former CEO Jason Butcher. HODLtech OÜ lost its license a few days ago! Venture Star would be authorized to provide virtual currency deposit wallet and exchange services.

This is our 3rd warning against the allegedly Russian broker Quotex facilitated by the U.S. crypto exchange Coinbase and the unregulated Russian payment processors Piastrix and Perfect Money. Currently, the broker scam operates with the new offshore entity Maxbit LLC, St. Vincent & The Grenadines. However, according to our information, the scam is actually operated via boiler rooms in Russia and Ukraine. Do yourself a favor and stay away from Quotex.

Over the last months, FinTelegeram has already issued three warnings against the illegal Russian broker Quotex. The new offshore...

We have already issued a warning against Quotex in the summer of 2021. Now the broker scam operates with the new offshore entity Maxbit LLC, St. Vincent & The Grenadines, and with the new domain (https://quotex.market). However, according to our information, the scam is actually operated via boiler rooms in Russia. Deposits are possible with various cryptocurrencies via Coinbase and other crypto payment providers, as well as via Russian payment processors Piastrix and Perfect Money.