A coordinated "Jewels" operation involving Ukrainian nationals, London-based shell companies, and the SoftSwiss-powered RevDuck network has been unmasked. New evidence reveals how Lyntec Limited acts as a financial front for illegal fiat deposits, masking gambling transactions as "IT consultancy" services.
Following our January 24, 2026 report alleging SoftSwiss may be operating as an “unlicensed payment hub” for illegal casino networks, FinTelegram received a detailed whistleblower dossier focused on the RevDuck network (Holyluck/Trueluck/Kokobet/Booms.bet). Parts of the dossier align with observable enforcement and corporate-footprint signals, while core payment-custody claims still require verification.
Recent whistleblower reports and online investigative publications in January 2026 allege that SoftSwiss, through its Malta-licensed entity Stable Aggregator Limited (MGA/B2B/942/2022), operates as an unlicensed payment hub and money laundering facilitator for affiliated casino operators targeting prohibited jurisdictions. The allegations assert that SoftSwiss processes payments from unlicensed merchants.
Recent reports have brought to light intricate relationships among several entities and individuals in the online gambling and cryptocurrency sectors. Notably, Belarusian tech entrepreneur Ivan Montik has been identified as a key figure in these developments. While parts of the report on Finance Talk are related to the FinTelegram findings, Finance Talk is flagged as a Russian fake news site.
The Russian entrepreneurs Roland Isaev and Paata Gamgoneishvili have secretly emerged as major players in the online gambling and crypto payment processing sectors, with their influence extending through complex business structures in various jurisdictions. FinTelegram's ongoing investigations reveal their involvement with key entities, such as the SoftSwiss and Merkeleon groups, which they appear to control through ownership stakes and strategic acquisitions.