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High-risk payment processors

December 4, 2022

Updated Review For High-Risk Payment Processor PayOp!

PayOp is a high-risk payment processor operated through Transferop Payment Gateway Ltd, a money service business registered with FINTRAC Canada, and Fintech Decision Pte. Ltd, registered with MAS in Singapore. We last discovered PayOp as a payment processor in the Binarium broker scam (report here). According to the latest Similarweb statistics, PayOp receives the most traffic from websites in high-risk industries. Here is our updated review!

High-risk payment processors

October 20, 2022

Introducing The Ukrainian Payment Processor PayOp!

PayOp is a Ukrainian high-risk payment processor operated through legal entities in Canada and Singapore. Transferop Payment Gateway Ltd is a money service business registered with FINTRAC Canada and Fintech Decision Pte. Ltd, registered with MAS. We last discovered PayOp as a payment processor in the Binarium broker scam (report here). According to the latest Similarweb statistics, PayOp receives the most traffic from gambling sites.

Gemini Trust Slapped with $5 Million Penalty for Misleading CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has issued a $5 million fine to Gemini Trust Company LLC for making false or misleading statements during a 2017 bitcoin futures contract certification process. The order stems from the CFTC’s July 2, 2022, complaint against Gemini Trust. The case highlights the importance of truthfulness in regulatory disclosures.

Crypto Fraud Unveiled: Mosaic Exchange and CEO Hit with $1.1M Penalty for Crypto Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has secured a $1.1M judgment against Mosaic Exchange Ltd. and its CEO, Sean Michael, for running a fraudulent digital asset scheme that targeted 18 victims globally. The judgment exposes their misuse of funds, false profit claims, and deceptive practices. The orders stem from the CFTC’s three-count fraud complaint filed Sept. 26, 2023.

Attention: The MoonPay Acquisition of Helio May Trigger a Merger and Take-Over Wave in the Crypto Space.

MoonPay, a leading U.S. crypto payments platform focused on high-risk sectors, has acquired Helio, a Solana-based blockchain payment processor, for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space. This acquisition, MoonPay's largest to date, aims to enhance its payment infrastructure and expand its services in the rapidly evolving cryptocurrency payments sector.

Investor Briefing: The Bear in Crypto Town – Potential Crypto Sector Crash Analysis

The crypto market has entered a period of heightened volatility and uncertainty in recent weeks. Despite a brief recovery at the beginning of this week, the overall trend remains bearish, with Bitcoin and other major cryptocurrencies experiencing significant price fluctuations. As the Fed has been warned of a looming crisis, bitcoin and crypto traders are nervously watching for whether the combined crypto market will drop below the key $3.2 trillion level.

The Clock is Ticking for TikTok: Can the App Dodge a U.S. Ban?

The US is edging closer to a definitive ban on TikTok, the Chinese-owned social media app that has dominated global digital culture. Despite a surprising show of goodwill from incoming President Donald Trump, the odds on prediction markets like Polymarket suggest a 67% likelihood of a ban before May 2025. This looming threat raises urgent questions.