Key Data

• Trading Name: Internet CashBank
• Legal Entity: InternetCashBank OÜ, xrp2card OÜ
• Activities: Russian-Estonian crypto payment processor
• Location: Estonia
• Regulations: regulated
• Key People: Vitalii Oleniichuk (LinkedIn)

The Internet CashBank brand (www.internetcashbank.com) is operated by two licensed Estonian crypto payment processors, InternetCashBank OÜ and xrp2card OÜ. The founder of InternetCashBank is Russian Vitalii Oleniichuk (LinkedIn) who is also registered as a director of Baltic Events Group OÜ.

The Estonian Pavel Kuzmin, born in May 1954, is registered as a director in both companies and apparently acts as a trustee in many Estonian companies.

Conclusion

We have discovered InternetCashBank as a scam facilitator in the Horizon Group Broker Scam and therefore include the payment processor in our “Red Compliance Light” list.