In the shadowy world of cryptocurrencies and international financial transactions, a troubling name from Austria is emerging: Alexander Horst Riedinger. Allegedly the economic owner of the CoinsPaid Group, Riedinger is at the center of serious allegations that paint him as a front man for Belarusian money launderers. CoinsPaid, operating under the umbrella of Estonian Dream Finance OÜ with an Estonian crypto license, is under intense scrutiny due to its operations led by Ukrainian Max Krupyshev as CEO.
Main Allegations Against CoinsPaid
- Financial Misconduct and Risk of Bankruptcy: CoinsPaid recently disclosed a $37 million loss due to a hack, contradicting previous financial statements and raising concerns about the company’s solvency.
- Involvement in Money Laundering Activities: Insider reports suggest that CoinsPaid launders hundreds of millions of euros annually, utilizing a network spanning multiple European countries.
- Problematic Management Practices: Corporate structures appear to be manipulated to facilitate criminal financial activities without official business oversight.
- Regulatory Evasion: Despite its official appearance of regulatory compliance, CoinsPaid engages in activities that blatantly violate both financial and corporate governance norms.
Entanglements and Double Faces
- The CoinsPaid Group operates the crypto payment platforms CoinsPaid.com and CryptoProcessing.com through Dream Finance OÜ, which is registered in Estonia and holds a crypto license. Riedinger is listed as the beneficial owner, while Krupyshev serves as the director and CEO. Krupyshev is reportedly based in Berlin, operating the company via “remote workers” across various jurisdictions.
- Belarusian Ivan Montik claims to have co-founded CoinsPaid and lists AR Merkeleon GmbH in Austria as a reference, where Riedinger is listed as the CEO. Montik, also the founder of SoftSwiss—focused on solutions for crypto casinos and crypto gambling—provides further evidence of Riedinger’s entanglement in high-risk financial operations.
- AlphaPo Connection: Inside information reveals that CoinsPaid and AlphaPo not only share similar technologies but are managed by the same individuals, indicating a deeper operational and administrative overlap. This complex relationship raises serious questions about the transparency and integrity of both firms’ business operations.
Call to Action
In light of these serious allegations and the complex financial entanglements involving CoinsPaid and its affiliated companies, it is crucial to uncover the truth behind Alexander Horst Riedinger’s business activities. Austria has a history of dealing with financial scandals, and it is imperative that we shine a light on this dark chapter. We, the editors of Wiener Zocker, urge anyone with information about Riedinger or his business activities to come forward. Our commitment to financial integrity demands a thorough investigation into these troubling developments.
