Tag: SlotsDynamite

Offshore Casinos Switch Payment Facilitators After Exposure—From Coin Sonic to Unlicensed Yotta Pay

Following FinTelegram's exposé on Coin Sonic UAB, the operator of illegal offshore casinos SlotsDynamite and SlotsAmigo has quietly replaced its Lithuanian payment facilitator with Yotta Pay, an unlicensed UK entity leveraging Revolut's open banking infrastructure. Here is our update on the payment facilitators involved in these offshore casino schemes.

Is The Lithuanian VASP Coin Sonic Being Misused to Facilitate Payments for Illegal Offshore Casinos?

Coin Sonic UAB, a Lithuanian-registered Virtual Asset Service Provider (VASP), is operating as a payment facilitator for offshore online casinos that appear to breach EU gambling laws. This compliance report examines how Coin Sonic's involvement in processing fiat bank deposits for casinos such as SlotsDynamite and SlotsAmigo.