Tag: Jubiter Technologies

FinTelegram writes mostly negatively about companies and persons, which is owned to the fact that we are committed to protecting investors and consumers. Thus, we warn against scams and their facilitators. Most recently, the crypto payment processor Global DLT Exchange S.R.O. was in the focus of our reports. We spoke with Jubiter and CoinDeck CEO Richard Brockhume about it to better understand scam-related issues for crypto payment processors.

Coindeck is a new high-risk crypto payment processor brand operated by Slovakia-based Global DLT Exchange S.R.O., which also operates Jubiter. The latter was the trade name of Estonian Jubiter Technologies OÜ, which was licensed until February 2021. After many scam involvements, the company lost or renounced its license. Jubiter was transferred to Global DLT Exchange S.R.O. but continued to surface as a scam facilitator. Frequently together with BridgerPay. Most recently, we also found both in the GoldBachInvest scam.

A few weeks ago, we warned against the broker scam Tradixa, operating with different domains. Currently, www.tradixa.net is the active domain of the scam allegedly operated by Tradixa Ltd, St. Vincent & the Grenadines, and All Media EOOD, Bulgaria. The facilitating payment processors back then have been Praxis Cashier and ePay. While Praxis Cashier evidently terminated Tradixa, we have been able to establish that Estonian-Slovakian Jubiter and Spanish Paysend also facilitated the broker scam.

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.

The UK FCA has issued an investor warning against the broker scam DGXLTD a/k/a Digital Exchange Limited (www.dgxtd.com, www.dgxltd.io, www.dgxlimited.com). Allegedly the scam is operated by Securex Plus Solutions EOOD, registered in Bulgarian. We have identified the licensed Estonian crypto exchange operator Jubiter (www.jubiter.com) operated by Jubiter Technologies OÜ as the facilitating payment processor.

On 23 June 2020 FinTelegram News issued a Request for Information (RFI) concerning the white label broker platform Puma Trading Solutions aka PumaTS operating in Bulgaria. We wanted to know more about this platform and the company and the people behind it. Officially the PumaTS White Label Broker solution is operated by the Bulgarian Marketing and Consulting Ltd. At least this company concludes the license, marketing, and platform services agreements with its clients. In response to our RFI, the PumaTS website that was available at www.pumats.com has disappeared. Fortunately, FinTelegram received plenty of intel on PumaTS.

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