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Tag: tinkbit

Scam-facilitating Estonian crypto payment processor Tinkbit offline

Crypto Payments Ben -
As recently as March 2021, white-label payment gateway provider Akuratoco announced via press release that, in addition to Tranzzo and Connectum, it has also integrated licensed Estonian crypto payment processor Tinkbit OÜ d/b/a Tinkbit (www.tinkbit.com) into its portfolio. Surprisingly, today the website is down and producing the Error 1016 Cloudflare error message. Maybe it's just a short-term problem, maybe not. In recent months, Tinkbit has come to our attention as a scam-facilitating payment processor.

Investor Warnings – Austrian FMA warns against broker scams – illegal payment processors exposed

BaFin Mark Lagarde -
The Austrian Financial Market Authority FMA has recently issued several investor warnings. Specifically, the FMA warns against the broker scams Tradixa, GFXRoyal (GFX Finance), HBC Market (HBC Markets), and BSB Global. The FinTelegram Research Team has looked at the special features of these scams. And this is what we found:

CONSOB blacked out another six scam brokers

Compliance Ben -
The Italian regulator CONSOB blacklisted a further seven scam brokers on 3 August 2020. This means that the brokers' websites will soon no longer be accessible for Italian customer victims. At present, the Italian watchdog is the only regulator using this sensible measure. The number of sites blacked out since July 2019 has thus risen to 268.

CONSOB blacked out another six scam brokers

Compliance bluechipper -
The Italian regulator CONSOB blacklisted a further seven scam brokers on 3 August 2020. This means that the brokers' websites will soon no longer be accessible for Italian customer victims. At present, the Italian watchdog is the only regulator using this sensible measure. The number of sites blacked out since July 2019 has thus risen to 268.

Investor Warning: BlueSave broker scam and its payment processors

FCA Ben -
It appears that the brands belonging to the PumaTS Scam Broker Network are currently very high on the priority list of the financial market regulators across the EU. The FCA issued another investor warning against the PumaTS BlueSave operating under the domain www.bluesave.io. And once again, a company registered in St. Vincent and the Grenadines is the scam operator. Cyprus Praxis Pay, Estionan Tinkbit, and Russian 4bill are the facilitating payment processors.

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.

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