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November 14, 2022

FTX Arrived In Cyprus: CEO Of FTX Europe Vanished From LinkedIn!

A few days ago, Sam Bankman-Fried's FTX Group filed for Chapter 11 bankruptcy in the United States after billions in liquidity disappeared. Now FTX people are disappearing all over the world. In March 2022, FTX acquired the CySEC-regulated Investment Firm (CIF) K-DNA Financial Services Ltd to establish FTX Europe. Martha Lambrianou has served as CEO of the CySEC-regulated entity since 2017. She became the CEO of FTX Europe (see report). She deleted her LinkedIn profile and vanished.

June 11, 2022

Attention! The offshore activities of CySEC-regulated Eightcap!

Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC-approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.

April 3, 2022

Whistleblower request! What are the connections between Markets.com and Eightcap?

The Israeli entrepreneur Teddy Sagi founded Playtech plc in 1999. It has over 7,000 employees and is listed on the main arket of the London Stock Exchange. The company is a technology provider for the gambling and financial trading industries. Playtech owns the CySEC-regulated investment firm and broker Safecap Investments Ltd d/b/a Markets.com via Finalto (IOM) Limited. The latter owns the intellectual property rights and marketing and technology contracts of Playtech's financial division, which is up to sale!

January 1, 2022

The offshore activities of CySEC-regulated Eightcap!

Until Aug 2021, the CySEC-regulated investment firm (CIF) Eightcap EU Ltd was called R Capital Solutions Ltd and was the owner and the operator of MXTrade until 2015. Then the broker was transferred to the infamous Lau Scheme in Belize. However! Now Eightcap operates the CySEC approved domain www.eightcap.eu. Besides, as usual with many CySEC CIFs, offshore broker activities are conducted through www.eightcap.com and Eightcap Global Limited in the Bahamas.

Paxum Bank: The Offshore Bank for the Porn Industry!

Paxum Bank, an offshore financial institution based in Dominica, has found itself at the center of controversy due to its connections with high-risk industries and recent revelations about its relationship with the embattled Tate brothers. Specializing in serving the adult entertainment sector, the bank has become a key player in providing financial services to businesses often shunned by traditional banks. However, this niche focus has also drawn scrutiny from regulators and investigators.

Tate Brothers Case: The Misogynist Influencers Used Offshore Accounts to Launder Proceeds from Sexual Exploitation!

New evidence suggests that the influencer Andrew Tate and his brother Tristan Tate used offshore accounts, including Paxum Bank, to conceal profits from their controversial webcam business. The Tates are facing serious charges, including human trafficking and money laundering. This case highlights the need for robust AML/KYC practices, particularly for payment processors in high-risk sectors like adult entertainment.

UK FCA Charges First Individual for Operating Illegal Crypto ATM Network for Money Laundering!

The UK Financial Conduct Authority (FCA) has charged London-based Olumide Osunkoya with running an illegal crypto ATM network, marking the first case of its kind in the UK. As crypto ATMs are increasingly used for money laundering, the FCA's crackdown on unregistered operators underscores the need for strict regulatory compliance. The ATM scheme allegedly processed £2.6 million in crypto transactions.

Public-Listed Crypto Exchange Coinbase Has to Face Shareholder Lawsuit Over SEC Risks!

U.S. crypto exchange Coinbase must face a shareholder lawsuit accusing it of downplaying regulatory risks, specifically the chances of being sued by the SEC. While a U.S. judge dismissed parts of the case, the key allegation of misrepresenting regulatory risks will proceed. This case underscores the importance of transparency in the crypto sector, where regulatory uncertainties continue to loom large, particularly in the U.S.

U.S. Regulator SEC Charges Seven Public Companies for Violating Whistleblower Protection Rules!

The U.S. Securities and Exchange Commission (SEC) charged seven public U.S. companies with using agreements that restricted employees from reporting securities law violations, resulting in over $3 million in penalties. The SEC takes strict action against organizations and individuals who seek to contractually restrict whistleblowers' rights. The regulator needs insiders to disclose financial wrongdoing and compliance violations.