Ivan Soto-Wright | FinTelegram News

Tag: Ivan Soto-Wright

June 6, 2024

MoonPay Lays Off 10% of Staff Amid Crypto Bull Run Due to Past Over-Investments!

Crypto payments processor MoonPay has laid off 10% of its workforce, citing high-cost structures and lower-than-expected operating margins. This decision comes despite the company’s claim of being financially sound with “years of runway” ahead. However, the cyber rating agency PayRate42 confirmed MoonPay's Orange Risk and Orange Compliance ratings, stating that layoffs in a bull cycle suggest a forward-looking management team.

January 28, 2024

Attention: Please Let Us Learn More About MoonPay And Its Compliance Issues!

The crypto payment scheme MoonPay was established in 2019 by Victor Faramond and Ivan Soto-Wright. The company offers a comprehensive solution for converting fiat currencies to cryptocurrencies and vice versa, supporting various payment methods, including debit/credit cards, local bank transfers, and mobile payment options. MoonPay operates in over 160 countries and seems to have compliance issues.

August 23, 2023

Binance.US Partners With MoonPay To Regain Access To The FIAT Banking System!

In a bid to reconnect to the traditional FIAT banking system, Binance.US, the U.S. subsidiary of the crypto exchange, has entered into a partnership with MoonPay, a startup specializing in payments. The troubles for Binance.US have been mounting, with several banking partners severing ties, causing disruption in deposit and withdrawal of dollars. The collaboration with MoonPay offers Binance.US users an alternative route to convert dollars into cryptocurrency.

October 9, 2022

MoonPay Goes Brazil And Signes Sponsorship Agreement Despite Depressive Crypto Environment!

Amid Crypto Winter, the crypto exchange MoonPay, with a reported valuation of $3.4 billion, announced a new sponsorship agreement with Clube de Regatas do Flamengo, one of Brazil’s largest soccer clubs. The Campeonato Serie A club has signed a wide-ranging agreement. The deal, brokered by Sportfive agency, aims to boost Flamengo’s revenues and fan engagement by leveraging NFTs and Web3 to support its ticketing, marketing, merchandise, and social and digital media.

September 26, 2022

Crypto Payment Processor MoonPay Plans To Expand On the NFT Fast Track!

In recent months, the Crypto payment processor MoonPay and its CEO Ivan Soto-Wright have come to our attention as aggressive crypto payment players fully embracing NFTs. Not necessarily a wrong strategy. However, we found the company as a facilitator of several scams. This can happen as well. The CyberFinance rating agency PayRate42 has put MoonPay on the Orange compliance list. Most recently, MoonPay has made headlines as a partner of renowned companies such as Universal Studios in the NFT environment. Here is a short introduction.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.