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Crypto Payments

February 28, 2021

Pradexx – While the high-risk payment processor’s website is back its CFO is gone

It is accessible again. We mean the website of the licensed Estonian high-risk payment processor and scam facilitator Pradexx. Its main page www.pradexx.com was not accessible via any browser for a few days due to security problems. We have reported about it. Today the site is available again. No reason is given for the inaccessibility, neither on the website nor on the associated LinkedIn channel. On the other hand, we can see that on LinkedIn, that its CFO, Matan Roee, is no longer working for Pradexx. He is now CFO of the Israeli crypto FinTech Komoline.

February 4, 2021

Pradexx again! FMA warns against the payment processor’s scam client iTradeFX

FinTelegram readers are not new to our opinion that payment processors are responsible for many scams and damaged victims. Without payment processors knowingly and willingly participating, 99% of the scams would not be possible in the first place. One of these payment processors is the Estonian Pradexx operating with one of those worthless FIU crypto licenses. Today we found Pradexx again as a scam facilitator in iTradeFX, against which the FMA has issued an investor warning.

July 27, 2020

Request 4 Information – Israeli-Estonian Payment Processor Pradexx

Some of the PumaTS broker scams are facilitated by the Israeli-Estonian payment processor Pradexx OÜ. This company is the legal entity operating the FIAT payment platform Pradexx (www.pradexx.com) and the crypto payment platform NextPayWay (www.nextpayway.com). According to the information provided on its website, NextPayPay has managed to acquire "over 380,000 people across 123 countries since 2018." Impressive, isn't it? We would like to learn more.

Financial Intelligence Hypothesis: Paul Atkins’ Potential Impact as SEC Chair Under Trump Administration

Donald Trump’s nomination of Paul Atkins as SEC Chair could radically reshape the future of the world’s leading financial regulator, driving the SEC towards a laissez-faire stance that prioritizes deregulation, reduced enforcement, and a pro-business agenda. Atkins’ tenure would likely redefine the regulatory landscape not only in the United States but globally, given the SEC’s influence over international markets.

Google Battles CFPB: Tech Giant Fights Back Against Federal Oversight in Payments Showdown

The U.S. Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing concerns over its error resolution and fraud prevention processes. This decision follows nearly 300 consumer complaints alleging issues such as inadequate investigation of fraudulent charges and insufficient explanations of investigation outcomes.

Wirecard Scandal Reignites: Markus Braun’s Release Demanded Amid Espionage Revelations

In light of recent court findings across multiple jurisdictions, it has become increasingly clear that the ongoing trial of former Wirecard CEO Markus Braun may be fundamentally flawed. The crux of this issue lies in the apparent failure to fully incorporate the now-established activities of fugitive ex-COO Jan Marsalek into the proceedings. This not only jeopardizes the fairness of Braun's trial but also risks obscuring the true nature and extent of the Wirecard scandal.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.