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April 12, 2022

That was fast! First information on a lieutenant of Latvian Racket received!

UK-registered Preqster Ltd was part of the vast Latvian Racket and used to operate vanished broker scams such as Morgan FX Capital, Pips500, or Preqster FX. It was controlled by the Latvian citizen Sergejs Vasiljevs and was one of the many legal entities of the so-called Latvian Racket. In Nov 2021, Preqster Ltd was dissolved; its scams vanished. To follow these scams, we asked for information a few hours ago and received personal information regarding Sergejs Vasiljevs. Please continue! Let us chase and get those scammers!

March 12, 2021

Consob orders blackout of Zurich Invests broker scam facilitated by MisterBit

The Italian Consob has this week again ordered the blackout of the websites of five illegally operating financial service providers. Among the blacked out is the scam broker Zurich Invests allegedly operated by BENELUXZURICH, KB ATM MANAGEMENT, and ZH COMPANIES BNK Ltd, registered in the UK. As payment processors, we have discovered the Estonian MisterBit processing the credit and debit card payments on behalf of the Zurich Invests scam.

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.