DataBridge | FinTelegram News

Tag: DataBridge

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.

April 23, 2021

New – List of scam-facilitating Estonian crypto payment processors

Digital currencies are the future in one way or another. For a few months now, online payment pioneer PayPal has also been accepting bitcoins and other cryptocurrencies. Estonia is currently the epicenter of European crypto payment processors. As of mid-2020, the Estonian FIU had issued more than 3,000 licenses (report here). Unfortunately, many of them are used to facilitate scams and illegal payment services. We have drafted a list of Estonian crypto payment companies that have come to our attention in scams.

April 21, 2021

FCA warning against PrimeQX broker scam operating with CySEC clone site

The UK Financial Conduct Authority (FCA) has issued an investor warning against the broker scam PrimeQX. The scam is operated by PRIME BUSINESS FINANCE LTD and MAGNETITS CAPITAL LTD. The scam claims to be regulated by CySEC with license number 129/22. The scammers operate the fake CySEC site www.cysecgov.com where PrimeQX is falsely presented as a CySEC-approved domain. As the scams payment facilitators, we have discovered iPayTotal, Itez, WE4BTC, and PaymentsPro.

April 8, 2021

The GlobalCFD broker scam and its payment processors

The Italian regulator Consob ordered the blackout of the then GlobalCFD broker scam website in Feb 2021 www.globalcfd.co. A few days ago, the regulator also blocked the scam's new domain www.globalfxcfd.com. The scam is allegedly operated by GlobalCFD Ltd and D&D Venture Project Ltd via the Marshall Islands. As payment processors, we have once again found a few of the usual suspects. Among them the iPayTotal and the crypto payment processors Itez and WE4BTC.

PayCom42
R4I

February 18, 2021

R4I – Estonian crypto payment processor Itez and Databridge

We have already discovered the high-risk payment processor Itez (www.itez.com) in several scams as a facilitator. For example, FXOptex, Optimus Markets, and Spintop Capital have integrated Itez as a payment processor. Itez is operated by DataBridge OÜ, which is licensed in Estonia by the relevant FIU. Maria Neverdinova-Rostovtseva is installed there as Nominee Director (Monkey). Currently, we do not know the beneficial owners of DataBridge. We would like to know more about the payment processor.

February 4, 2021

Austrian FMA warns against FXOptex Groups scam with iPayTotal, and OctaPay

FMA issued an investor warning against the broker scam FXOptex Groups which FXOptexGroups Global Ltd operates. Further details about persons or companies cannot be found. The website only mentions that the company operates under the laws of Cyprus. However, you can find the usual suspects below the scam-facilitating payment processors like iPayTotal, or OctaPay. In addition, we have also found ShefaPay and the Estonian Itez.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.