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Tag: MoonPay

September 7, 2023

Austrian Regulator Warns Against Estonian-Licensed Crypto Exchange MEXC!

The hunt by regulators against unlicensed or registered crypto exchanges continues. The Austrian Financial Market Authority (FMA) recently warned against the crypto exchange MEXC. In Europe, MEXC is operated through MEXC Estonia OÜ, which has a crypto license from the Estonian FIU. However, this license is not sufficient for the FMA, as MEXC provides banking services, the FMA says. Thus, we have orange-listed the crypto exchange.

September 6, 2023

Investor Warning Against Scam Broker Oro Markets Facilitated by Mercuryo and MoonPay!

The Spanish regulator CNMV warned against the broker scam Oro Markets earlier this week. It is allegedly operated by ECB7 Capital Ltd, registered in St. Vincent & The Grenadines. However, we have not found this offshore entity. It is likely to be a fake. Potential victims can lose their money via credit/debit cards and crypto. Payment facilitators are Mercuryo and MoonPay. Stay far away and protect your data and financial health.

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.

May 24, 2022

Investor Warning Against IdealInvestFX Broker Scam And Its Payment Processors!

On May 23, 2022, Italian regulator Consob ordered the blackout of IdealInvestFX's website for Italian consumers. We took a closer look at this scam to discover the payment processors and partners involved. The alleged operator Extraprime Ltd in London does not exist. This is likely to be a fake company. As the governing law, Australia is stated. As payment processors, we have exposed Moonpay and SysPay a/k/a SysPG. IdealnvestFX is a member of the fake regulators ERSIC and IRMA.

Crypto Payments

March 10, 2022

Please let us know more about Israeli crypto payment processor Oobit

Over the last few weeks, we have discovered the licensed Estonian crypto payment processor Oobit as a scam-facilitator with the broker scams ExpressFX and StakingTrades. We, therefore, took a closer look at the payment processor and discovered that it is actually an Israeli venture operating through legal entities in Singapore and Estonia. While these scam clients may be an exemption, Oobit appears professional in its appearance and receives excellent reviews on Trustpilot. We would like to know more about this crypto venture.

March 10, 2022

R4I – Introducing offshore crypto investment scheme Invictus Capital

Invictus Asset Management Limited in the British Virgin Islands (BVI), authorized by the BVI Financial Services Commission, operates the scheme. The website also informs that Invictus Capital Financial Technologies SPC in the Cayman Islands has applied for a Virtual Asset Services Provider license at CIMA. Invictus Capital offers investments in various crypto funds, such as the CRYPTO10 Hedged (C10) smart index fund. The scheme is open to retail investors in the UK, Europe, Australia, and Asia.

November 1, 2021

Urgent Warning! Don’t fall for ExpressFX broker scam facilitated by OOBIT and MoonPay!

The fraud marketing campaign Bitcoin Prime today promotes the scam broker ExpressFX (www.expressfx.com). Anyone who registers with the Bitcoin Prime campaign is also automatically created as a future victim of ExpressFX. After registering, one is directly redirected to the scam's payment page. There, victims can make deposits to the scam via credit and debit cards through OOBIT and lose their money. We did not discover any reference to the legal entities and people behind the scam on the website. Stay far, far away.

February 28, 2021

Bybit Review – Unregulated crypto trading platform earned itself an FCA warning

The UK FCA recently issued an investor alert against Bybit (www.bybit.com). This is an unregulated crypto trading platform in existence since 2018 that claims to have more than 1.2M users and is operated by Bybit Fintech Limited, registered in the British Virgin Islands. Dun & Bradstreet presents Ben Zhou, a Singapore resident, as the key principal who describes himself on his LinkedIn profile as Co-Founder and CEO of Bybit. While it may not be the best crypto trading platform, it has no regulatory permission, which is a serious violation but doesn't seem to be a fraud. However, be very cautious!