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January 7, 2021

R4I – Estonian Crypto Payment Processor Bitxtech

BitxTech is a crypto payment processor and exchange operated by CryptoFactury OÜ, registered and licensed in Estonia. Israeli Or Bar, born in September 1987, is registered as the director. BitxTech has increasingly come to the attention of broker scams in recent months as a supporting payment processor. It is also interesting to note that BitxTech and XchangePro use the same application and identical onboarding processes. They appear to be clones or white label solutions.

September 7, 2020

UK FCA warns against broker scam ApcoFX operating with Estonian crypto entities

The UK FCA has issued an investor warning against the scam broker ApcoFX (www.apcofx.com), allegedly based in Germany and London. The scam is being developed in cooperation with the Estonian crypto payment processors CryptoFactory OÜ and their crypto exchange Bitxtech (www.bitx-pay.com) and Zichain OÜ and their Rashbe (www.rashbe.com) Crypto Payment Platform. Both companies have one of the worthless Estonian FIU licenses.

Financial Intelligence Report: The Disappearance of Magua Pay, the High-Risk Payment Network of Moriel Carmi, and Regulatory Scrutiny

The recent disappearance of Magua Pay Inc. and its associated brand Black Rabbit raises serious concerns regarding the financial network behind high-risk payment processing, unauthorized financial services, and fraud facilitation. Magua Pay has long been identified as a facilitator of illegal gambling and broker scams

Breaking: Austrian Judicial Failure – OGH to Overturn Convictions in Europe’s Largest Cybercrime Case!

After years of investigations and legal proceedings, the Austrian judiciary has once again demonstrated its inefficiency in dealing with complex financial crimes. Despite overwhelming evidence and critical contributions from whistleblowers and FinTelegram, the Austrian justice system has failed to secure a solid conviction against two alleged masterminds behind the fraudulent broker scheme around the Bulgarian Tradologic.

Financial Analyst Update: Libra Token Scandal and New York Lawsuit

The Libra token ($LIBRA) scandal has escalated into one of the most significant cryptocurrency controversies of 2025, with a class-action lawsuit filed in New York spotlighting alleged misconduct by key players in the token’s launch. Here are the latest developments surrounding this debacle, including the legal action initiated by Burwick Law against Kelsier Ventures, KIP Protocol, and Meteora, as well as the broader implications for the crypto market and investors.

Urgent Warning: Beware of Suki Chen and the Streakk/Earn World Crypto MLM Schemes!

FinTelegram’s investigations, alongside whistleblower reports, reveal that Suki Chen (aka Sukijami Chendrawan) is the alleged founder of Streakk and successor scheme Earn.World. Both schemes are suspected to be pyramid or snowball schemes (MLM schemes) that have been promoting their own STKK token. These operations have been flagged as fraudulent and are under scrutiny for securities fraud and Ponzi-like activities.

Financial Intelligence Report: The Disappearance of Magua Pay and Black Rabbit – A High-Risk Payment Processor in the Scam Broker Ecosystem

Magua Pay Inc., a Vancouver-based money services business (MSB license M21111044) operating under the brand Black Rabbit, has vanished from the digital landscape as of March 2025. Both its primary website (magua_pay.com) and Black Rabbit’s site are either under construction or offline, signaling potential operational collapse or regulatory pressure. FinTelegram exposed Magua Pay as a payment facilitator of broker scams and unauthorized broker schemes,