Tag: Uwe Lenhoff

The EU’s Markets in Crypto-Assets Regulation (MiCA) was sold to legislators as the end of Europe’s regulatory patch-work. In theory, every crypto-asset service provider (CASP) will live under the same anti-money-laundering (AML), governance and disclosure standards from 30 December 2024. In practice, the first six months of “early bird” licensing suggest that member states are already competing to become the Cayman Islands of MiCA.

StablR, the Malta-based and MFSA-regulated issuer of EURR and USDR stablecoins, promotes itself as a compliant, euro-denominated digital currency provider under the EU’s new MiCA regime. However, what is missing in its clean-cut public image is the checkered past of its founder and CEO, Gijs op de Weegh, who served as COO of Payvision, a Dutch payment processor infamous for facilitating cybercrime.

In April 2025, Mohamad Shaker — the head of the largest boiler room in German cybercriminal Uwe Lenhoff’s vast cybercrime empire — was sentenced to 8 years in prison by a German court. Shaker's conviction marks another milestone in dismantling one of Europe’s largest cybercrime organizations. Yet, while some lieutenants have faced justice, the key facilitators — including executives of Payvision and the Amsterdam-based money laundering network — remain untouched.

Alexander Slavomir Bures — son of a former Czechoslovak prime minister and alleged accomplice of deceased cybercrime boss Uwe Lenhoff — is officially under investigation by German law enforcement. Authorities have seized €2.2 million from Bures’ laundering network, which reportedly channeled proceeds from Lenhoff’s binary options and gambling frauds.

Alex Slavomir Bures, a London resident with deep ties to cybercrime and money laundering, has resurfaced under the new identity "XXX Rico." Until 2019, Bures was a key player in laundering stolen funds for the cybercrime organization of the late Uwe Lenhoff. Now, whistleblower reports suggest he remains active in the crypto space, operating the online magazine Crypto Daily under a newly established Albanian entity.

Alex Slavomir Bures, a London resident with deep ties to cybercrime, money laundering, and Eastern European organized crime, has resurfaced under the new identity "XXX Rico." Initially introduced to FinTelegram by the late cybercrime mastermind Uwe Lenhoff in 2016, Bures was a key player in laundering stolen funds from fraudulent online gambling and betting businesses.

The Payvision scandal is one of the most shocking cases of corporate complicity in global cybercrime. A Dutch payment processor, Payvision, actively facilitated fraud networks, laundering and distributing stolen funds for years. Despite overwhelming evidence, Dutch authorities refuse to hold those responsible accountable and continue to withhold crucial investigative reports that could help victims recover their stolen money.

Tether, the world’s leading stablecoin issuer, has shocked the crypto and financial world by investing in StablR, an EU stablecoin issuer run by former Payvision COO Gijs op de Weegh. This move raises serious questions about Tether’s due diligence processes and ethical commitments, as StablR’s leadership is tied to one of Europe’s most notorious financial scandals involving cybercrime facilitation. Crypto investors and stablecoin users should proceed with caution.

In the rapidly evolving landscape of cryptocurrency regulation, the European Union's Markets in Crypto-Assets Regulation (MiCAR) emphasizes the need for maximum transparency, particularly for stablecoin issuers. The former Payvision founder and COO, Gijs op de Weegh, founder and CEO of the new stablecoin issuer StablR, recently presented a piece of partially accurate biographical information that can mislead potential investors.

StablR, a stablecoin issuer founded by Dutch tech entrepreneur Gijs Op de Weegh in April 2023, has garnered attention with its MiCA-compliant euro stablecoin EURR and recent seed financing success. However, a closer examination reveals significant concerns regarding the company’s leadership and background that could undermine investor confidence. Key individuals of the StablR scheme, including its founder and CEO, have a past with the notorious scam facilitator Payvision.

The Netherlands is increasingly becoming a worldwide legal disgrace, particularly in the realm of financial crime. The Dutch judicial system appears to be fundamentally flawed and biased, as evidenced by the comparative analysis of the Tornado Cash and Payvision cases. Dutch prosecutors investigated both cases. One was settled out of court and one was tried. This disparity underscores a failure or even an abuse of the Dutch judicial system.

Bloomberg just published an extensive report about Gery Shalon and his incredible role as cybercrime mastermind and FBI undercover agent. The report mentions the role of FinTelegream and its founder Werner Boehm in exposing Shalon's cybercrime network. Thanks to the close cooperation between FinTelegram, its whistleblowers, and law enforcement agencies, key figures of this network, such as Uwe Lenhoff and Gal Barak, were arrested in early 2019.