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Tag: Paysafe

SHADOW GATEWAYS EXPOSED: NGPayments and Cyperion Solutions Unmasked as the Financial Engine for Galaktika N.V.

Illegal gambling Reg Techer -
A leaked transaction receipt from a victim of the Galaktika N.V. casino scheme reveals the use of "NGPayments." This technical layer acts as a cloaking device, allowing high-risk offshore casinos to exploit the Skrill and Rapid Transfer networks while masking the true destination of funds through UK and Cyprus-based shell companies.

Dutch KSA Slams Starscream With €4.23M Fine: Illegal Casinos Aren’t “Grey”—They’re Industrial-Scale Lawbreaking!

Gambling Compliance tamir -
The Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a €4,228,000 administrative fine on Starscream Limited for offering illegal online gambling to Dutch players via Rantcasino, AllstarzCasino, and SugarCasino. The case underlines what FinTelegram has been documenting for months: these are not “minor violations,” but systematic breaches—and the payment stack enabling them is part of the risk surface.

Winning.io and Scatters Group: The Updated Intelligence Report!

Illegal gambling tamir -
Following FinTelegram's December 2025 exposé on the Winning.io / Scatters Group network, a whistleblower has provided documentary evidence confirming that the economic ownership and control structure traces directly to Starkeast Management B.V., controlled by Menno Jordaan. The whistleblower states: "The owner of these sites (all of them) is now, starkeast service owned by menno jordaan. he is the director of starscream aswell." 

Review: Former Rabidi Scheme Zet Casino Continues to Operate with Cyprus-Based Payment Agent!

Illegal gambling Ben -
Zet Casino is one of the former brands of the bankrupt operator Rabidi N.V. It's currently operated by Liernin Enterprises Ltd, registered in the Marshall Islands, and the payment agent Mirata Services Ltd, registered in Cyprus. Zet Casino has an offshore license in the Philippines, which is not accepted in the EEA regions. Nevertheless, players from the EEA regions and the UK are accepted without any problems and can make deposits. Here is our review.

Review Update: B90 Holdings and its Spinbookie Continue Their Illegal Gambling Approach!

Illegal gambling tamir -
In April 2024, we conducted an initial review of the online gambling platform Spinbookie, which resulted in its placement on our Red Compliance list. Since then, we have delved deeper into this platform's background and uncovered significant concerns regarding its ownership and operational transparency. Our findings necessitate a thorough and scrutinizing update to our initial review.

Offshore Casino & Gambling Operator NewEra Facilitated By Revolut and WLPay!

gambling schemes tamir -
As part of our analysis of payment facilitators in the high-risk segment of online casinos and gambling providers, we have already reported on the Curacao licensed provider NewEra. Like many other offshore casinos, it also operates via a payment agent in Cyprus. One of the payment facilitators for the NewEra casinos is the FinTech unicorn Revolut, through which players from jurisdictions in which NewEra does not have a license can make deposits.

Offshore Casino & Gambling Operator NewEra And Its Payment Facilitators!

gambling schemes William -
The NewEra Group is another online casino and gambling operator that operates with a license in Curacao and a payment agent in Cyprus. Although NewEra does not have a license in Europe or North America, it attracts customers and their deposits from these regulatory regimes. Revolut, Binance Pay and MiFinity appear to be the most important payment facilitators. Binance Pay is offered at all NewEra casinos.

Attention: Binance Terminates Visa Debit Card With 20 December 2023 And Loses Ground To Coinbase!

Crypto Mark Lagarde -
Binance currently seems to be backing off one step at a time, opening up space for its competitors. While Coinbase recently announced European expansion with a MiCA license in Europe, Binance seems to be losing balance in Europe and the U.S. In an email, Binance customers in Europe were notified that their Visa debit card would only work until Dec. 20, 2023. Solaris Group is discontinuing Visa Debit card support for Binance.

Binance Limits SEPA Withdrawals For European Clients!

Crypto tamir -
Reports have emerged regarding an abrupt suspension of Single Euro Payments Area (SEPA) transfers for EUR payments by Binance users. This suspension occurred approximately one month earlier than the initially communicated deadline. According to Binance's customer support on X, SEPA transfers for EUR payments are currently on hold. Nevertheless, the support team reassured users that this service would remain available until September 25, 2023.

Binance Loses European Bank Partner Paysafe But FIAT Services Remain Unaffected!

Crypto tamir -
Paysafe Payment Solutions, the European banking partner of Binance, announced on Thursday that it will no longer offer its embedded wallet solution to the U.S. cryptocurre exchange across the European Economic Area (EEA) starting from September 25th. Binance confirmed the development, saying that Paysafe will no longer be providing EUR deposits and withdrawals via Bank Transfer (SEPA) to Binance users from September 25, 2023.

Binance Partner Paysafe Stops FIAT Deposits For The Crypto Exchange Due To Regulatory Issues!

Crypto-Exchange Charlene Lensburg -
Binance, the world's largest crypto exchange with 128 million users, had to stop its GBP deposits and withdrawals. This comes a month after the world's largest crypto exchange ceased dollar transfers. This is because, Binance's partner for GBP deposits, FCA-regulated Paysafe, decided to stop offering Binance customers its embedded wallet solution in the UK in a move it blamed on complex regulation.

NYSE-Listed Paysafe Appoint Alex Gersh As New CFO!

Fintech Mark Lagarde -
The NYSE-listed payment processor Paysafe Ltd announced that it appointed Alex Gersh (LinkedIn) as its new CFO. Gersh joins the company on October 3, 2022, and will report to Paysafe CEO Bruce Lowthers. Gersh joins Paysafe from Nasdaq-listed Sportradar, the leading global sports technology company. He has a record of over 25 years in the financial services segment and previously held CFO positions in public and private organizations. Gersh, holding dual citizenship in UK and US, replaces former CFO Izzy Dawood, who leaves the company later in the year.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

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