Tag: Cryptoprocessing

CoinsPaid and CryptoProcessing structureS
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March 17, 2023

Strange! Crypto Payment Processor CoinsPaid Does ‘Not Announce’ Audited 2021 Numbers!

Crypto payment processor CoinsPaid operates through legal entities in Estonia, Lithuania, and El Salvador. Dream Finance OÜ, the operating entity, which holds a crypto license in Estonia, is controlled by Austrian entrepreneur Alexander Horst Riedinger and led by Max Krupyshev as CEO. In a new press release, CoinsPaid claims to announce 2021 numbers audited by Crowe Global. The truth is that the company does not announce any number.
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CoinsPaid and CryptoProcessing structureI
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February 9, 2023

Impressive: Crypto Payment Processor CoinsPaid Disclosed A Billion Euro Transaction Volume!

Crypto payment processor CoinsPaid operates through legal entities in Estonia, Lithuania, and El Salvador. Through Dream Finance OÜ, it holds a crypto license in Estonia. The company is controlled by Austrian entrepreneur Alexander Horst Riedinger and led by Max Krupyshev as CEO. In a press release, CoinsPaid said it processed a transaction volume of around €3 billion in Q4 2022. This is an increase of more than 30% compared to Q4 2021. CoinsPaid claims that its payment gateway processes allegedly about 8% of global on-chain Bitcoin transactions.
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CoinsPaid and CryptoProcessing structureI
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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?
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High-Risk payment processor CoinsPaid review on FinTelegramT
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August 24, 2022

The Silent Giant: Meet #1 High-Risk Crypto Payment Facilitator CoinsPaid Group!

We warned against the scam Global Trader broker a few weeks ago where we found CryptoProcessing as one of the payment facilitators. In a statement, CryptoProcessing, part of the CoinsPaid group, admitted that they were briefly involved in the scam environment through their UK partner Charge Money Ltd but immediately terminated the business relationship after our warning. Our initial CryptoProcessing review discovered that this is supposedly the leading crypto payment facilitator in online gambling. A silent giant!
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Global Trader and payment facilitators paypound and charge moneyG
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January 6, 2022

Global Trader scam facilitator Charge Money Ltd operated by former iPayTotal director!

In Nov 2021, the UK FCA issued a warning against the Global Trader scam; FinTelegram brought a detailed report on the broker scam facilitated by the payment processors PayPound. Additionally, we found the licensed Estonian crypto company Dream Finance OÜ, which sent FinTelegram a statement representing that they never intended to process payments for Global Trading but has been deceived by UK-registered Charge Money Ltd, which secretly acted as a payment agent for the scam. Global Trader already vanished.
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Investor Warning Global TraderI
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November 12, 2021

Investor warning against Global Trader broker scam facilitated by PayPound and Dream Finance

TODAY, the UK FCA issued a warning against the Global Trader broker scam. The scam's website claims that its offices are in Canary Wharf in London. Of course, this is not true. Information about the operating legal entity or the responsible jurisdiction is searched in vain. Payment processors we have are PayPound for credit and debit card payments and Dream Finance OÜ d/b/a Cryptoprocessing.
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