Casino & Fintech Exposed – AML Failures, Frozen Funds

📂 When “zero revenue” isn’t zero at all:Four Estonian companies-Reutla OÜ, Digitzen OÜ, Mustkn OÜ, and Skiesmack OÜ-proudly declared a grand total of zero in their financial statements.Zero revenue, zero expenses, zero employees, zero taxes and yet, through their payment systems, hundreds of thousands-possibly millions of euros quietly flowed to unlicensed online casinos. These weren’t … Continue reading 💸 Zero on paper, millions in motion: how four estonian shell companies laundered casino money- enabled by Transactworld

When you publish a series of investigations about a company that has long operated in the shadows and just days later, their entire infrastructure begins to vanish-you know you’ve hit a nerve. That’s exactly what happened after our reports on Transactworld Limited. Only a few days after publishing “Masks of Tallinn”, “The Man Behind the … Continue reading 🧽 Operation “Disappear quietly”: After Spinangacase’s reports, Transactworld starts cleaning up its own mess

When lawyers start sending letters, it usually means someone has hit the bullseye. Just hours after receiving a “pre-action defamation claim” from Troutman Pepper Locke LLP-representing Transactworld Limited-the SpinangaCase team discovered that a large-scale cleanup operation had quietly begun in the background and it wasn’t just one isolated incident. Our investigation revealed that the same … Continue reading 💸 “Cleaning up the traces”: Spinangacase team uncovers a massive payment gateway swap after the Transactworld Scandal

Whenever the name TransactWorld appears in documents or payment investigations, one figure always stands behind the polished wall of compliance language and certificates-Aashay Gandhi.He is not the founder, he is not the investor. He is something more essential: the operator of a system built to look lawful while hiding the flow of illicit money.The silent … Continue reading The compliance illusion: Aashay Gandhi and the hidden machinery of TransactWorld. Part III.

In February 2025, a Spinangacase reader reported an unauthorized €500 transaction labeled “Ktm Warsaw.”What appeared to be a harmless payment turned out to be a casino deposit to Vavada, processed by the Warsaw-based company Kryptonim Sp. z o.o.At first glance, it looked like a standard card payment. In reality, it was an example of how … Continue reading Kryptonim.com & Vavada Casino. How €500 disappeared under the pretext of a crypto Exchange

When you log in to Vavada.com and open the wallet tab, you see something that looks harmless:Jetonbank-minimum deposit €1 At first glance, JetonBank looks like another innovative fintech brand with an exotic offshore address. In reality, it serves as a new front for processing online gambling payments, operating under the disguise of a financial institution … Continue reading 💥 JetonBank. The caribbean fintech facade: How Dominica became a mask for gambling payments

When journalists and investigators trace the flow of money behind unlicensed gambling sites, one name keeps appearing not on casino banners, but buried in company registries, corporate filings and payment gateway footers.Anupam Vassa An engineer turned “payment visionary.”The founder of TransactWorld Group, and a man whose business empire sits precisely at the intersection where fintech … Continue reading The man behind the gateway: inside the shadow empire of Anupam Vassa, TransactWorld and Paymentz. Part II.

When Ari10 publicly appeals to the mr president of Poland to “protect the domestic crypto market from foreign influence,” something much darker is happening behind the scenes, because if anyone is truly handing the Polish market over to outsiders-it’s those enabling the flow of money through networks tied to illegal online gambling.Where blockchain ends and … Continue reading Ari10: Patriotism for show, gambling in the shadows. Part II.

🔥 1. Poland, once again, at the center of global money flows:What was supposed to be another “innovative” fintech startup has turned into a missing link in the global chain of money laundering. Behind the polished slogan “Crypto Simplified”, the Polish company Ari10.com-which presents itself as a secure cryptocurrency payment gateway-has been caught processing payments … Continue reading 🇵🇱 Another investigation leads back to Poland: Ari10.com-the “Secure fintech infrastructure” powering online gambling payments

At first glance, the websites look harmless.They offer templates, design packages, digital downloads-the kind of anonymous online stores you scroll past without thinking twice. They have British phone numbers, grammatically correct privacy policies, and minimalist layouts, but behind these facades, there are no designers, no customers, and no real products. There is only infrastructure and … Continue reading Masks of Tallinn: How TransactWorld helped build a hidden gambling network. Part I.

When one profile becomes the gravitational center for a cluster of so-called “marketing experts”-all using the same language, templates, and tone it’s not a coincidence. It’s a structure and this particular structure deserves a closer look.The perfect persona:Anna Mandrykova known online as @anna_target20 presents herself as a friendly digital marketing specialist.“I’ll analyze your project and … Continue reading 🕵️‍♀️ Part II: The “Target Network” and the curious case of Anna Mandrykova

Russian education, crimean origins and an estonian passport and address:At the center of this story stands Anna Mandrykova-a seemingly ordinary individual who fits perfectly into the profile of people used in modern money-laundering structures transferring funds back to Russia. Born on August 21, 2000, in Kharkiv, Ukraine, raised partly in the Autonomous Republic of Crimea, … Continue reading Anna Mandrykova. From Kharkiv and Moscow to Warsaw. How a Russian Graduate Built a Money-Laundering Network Inside the EU

Not every trail leads to casinos, payments, or logistics. Some lead to television. At first glance, ru-tv.eu, also branded as GIN-TV, looks like a simple IPTV service for Russian-speaking audiences across Europe, but a closer look reveals that it belongs to the very same ecosystem as the logistics and IT projects connected to Vladimir Bulantsev, … Continue reading 🛰️ Floxydy.com-Part VI: Russian TV on Czech Servers. When Sanctions Meet the Network

What looks like a small logistics company on paper hides a layered structure connecting Czech corporate records, Russian-linked IT infrastructure, and Eastern-capital firms operating under neutral Czech names. At the center of this network are three names: Nikol Kohoutová, Vladimir Bulantsev, and Sergey Translogov.🔗 East-Vector and Eurasia TransLog- Two Fronts, One System:Officially, these are two … Continue reading 🇨🇿 Floxydy.com-Part V: From Prague to Nupaky- Inside the Czech-Russian Transport Chain

Among hundreds of IT companies in the Czech Republic, Nikol Kohoutová chose just one. Not the largest, not the most prestigious, but the most curious. The website of her company East-Vector.cz, which openly promotes “transport through the ports of the Russian Federation and CIS countries”, was built by a man named Vladimir Bulantsev-the owner of … Continue reading 🕵️‍♀️ Floxydy.com-Part IV: Vladimir Bulantsev-The Russian Blueprint Behind East-Vector.cz

At first glance, Vavada looks like another “modern” online casino-registered in Curacao, marketed globally, polished and professional, but multiple open-source indicators suggest something very different: that Vavada is, in fact, a Russian-built project, rebranded under Western licensing to evade scrutiny and sanctions after 2022. This is not just a casino-it’s an example of how easily … Continue reading 🎰 Vavada- A Russian Casino in Western Disguise

When the name Floxydy first appeared online, it looked like an ordinary cosmetics store. In Parts I and II, we revealed how that facade was used to channel money into online casinos linked to Vavada. Now the investigation moves further-to the infrastructure that enabled those payments: Paywrx and its technical backbone, NetworxPay. Two faces of … Continue reading 🧩 Floxydy.com-Part III: The Processor Behind the Mask. PayWRX.

When spinangacase first uncovered that Floxydy.com, a seemingly legitimate cosmetics store, was in fact processing payments for Vavada Casino, the trail pointed to a small Czech entity-Connect Online s.r.o., directed by Nikol Kohoutová. New findings reveal that the network extends far beyond e-commerce.It reaches into logistics, maritime transport, and export operations involving Russian ports. 🇨🇿 … Continue reading 🕵️‍♀️ Floxydy.com- Part II-The Expanding Network: From Cosmetics to Cargo and Russian Ports. Nikol Kohoutova.

When payments labeled VISIONSPERO SVK, SVK appeared in card statements worldwide, few people realized there was a real company and a real person behind them, but recent findings from the Slovak Business Register reveal a clear link between Visionspero s.r.o., its registered owner Lilia Hvozdo, and two other entities: Intel-Consalt s.r.o. and Vincent Solutions N.L. … Continue reading Who really is Lilia Hvozdo and what’s behind Visionspero?

1. Hidden behind an ordinary payoutAt first glance, it looks like nothing special: two transactions dated July 17, 2025, for €214.00 and €247.00, labeled simply as “Qpayout Tarnowskie Gory, PL.”No casino name. No reference to gambling. Nothing suspicious-until you look closer. These neutral-looking entries have now become a key to uncovering one of the most … Continue reading Qpayout Tarnowskie Gory & Quicko.pl- The Polish Shadow in a Global Gambling Network

1. Only 100 transactions- a convenient limit on transparencyAt first glance, the Vavada player dashboard looks clean and modern, but there’s a catch-the account history shows only the last 100 transactions, whether they are deposits or withdrawals. This is not a coincidence. Such an artificial restriction effectively prevents players from seeing their full financial history, … Continue reading Vavada: Another money-laundering hub disguised as an online casino

Introduction:At first glance, everything looks legitimate: an active website, a real product catalog, functioning checkout, and a visible support email-support@floxydy.com.Floxydy.com presents itself as a standard Czech-registered cosmetics store, but evidence gathered by spinangacase reveals something far more complex-a hybrid front, where real commerce coexists with transaction laundering for Vavada Casino.It’s not a fake shell company, … Continue reading Floxydy.com. A legal cosmetics store that became a front for vavada casino.

On Spinangacase we shine a light on online casinos and payment networks that thrive on deception, opacity, and systematic abuse of financial rules. After Spinanga and Mostbet, it is now time to welcome a new star in this investigative series: Vavada.This introduction is not the end of the story-it is the beginning. Over the coming … Continue reading A new star on the radar: Vavada joins the spotlight