The Cyprus-controled crypto payment processor Venus Exchange, regulated by the Estonian FIU, has come to our attention several times as a payment facilitator for broker scams. For example, at AstonTrust, FirstCapital, Swiss Capital, Wealth Capital, or LincolnFX. Financial regulators of various regimes have issued warnings against them several times. German law enforcement agencies are currently investigating LincolnFX and its operators. On its website, Venux Exchange informs and warns against its (former) client LincolnFX.
We asked a few days ago, who is this Igor Torsin would be. A busy man for sure. We identified him as a director of nine FIU-licensed crypto payment processors in Estonia. Among these are also some that operate as scam facilitators - PayTechno or Steveyx d/b/a Venus Exchange. Evidently, he is the frontman for getting and maintaining the FIU license. We learned that Torsin is a lawyer working in Tallinn, Estonia, at Eesti Firma OÜ, a company builder specialized in crypto licenses, among other things.
The illegal broker AstonTrust (www.astontrust.net) is a part of the PumaTS network, as we uncovered in our latest update. It is operated by BMB Services Ltd, registered in the Marshall Islands with company number 103882. At least, that is what the terms and conditions on the website state. The AstonTrust broker has integrated the regulated Estonian crypto payment processor Venus Exchange (www.venus.exchange), operated by Steveyx OÜ and AM Estonia Services OÜ.