CryptoMatix is the trading name of IPT Solutions PT, a company registered in Portugal. The owners of the company are the very same individuals that owned the collapsed and vanished iPayTotal group. CryptoMatix is just one of the iPayTotal successor schemes. There is also BitMatix (PC42 profile), PayoMatix, (PC42 profile), and the affiliated Kryptova (PC42 profile). Many millions disappeared in the process. The beneficial owners were Ruchi Rathor, Anirudh Pratap Singh Rathor, and Anurag Pratap Singh. They are currently operating a number of successor schemes through their companies in India and the UK. BitMatix is just one of them. As reported by FinTelegram, there are no funds in iPayTotal Ltd but at least GBP 1.1 million of claims from creditors. iPaytotal was a notorious Indo-British high-risk payment processor that was primarily involved in scams and cybercrime activities. FinTelegram has exposed iPayTotal as a facilitator in dozens of scams. In Nov 2020, iPayTotal Ltd in the UK was ordered by the court to go into insolvency and liquidation. This is a black-listed payment processor and merchant services provider.