MoonPay

MoonPay, operated by MoonPay Inc, Maltese Moon Pay Limited, MoonPay Technology Services Limited, Ireland, and other legal entities across different jurisdictions, is a financial technology company that builds payments infrastructure for crypto. In the US, MoonPay is registered as a money service business (NMLS ID: 2071245).

In Nov 2021, Moonpay announced it has closed a $555 million Series A financing round at a $3.4 billion valuation. The round was led by Tiger Global Management and Coatue with participation from Blossom Capital, Thrive Capital, Paradigm, and NEA.

The US resident Ivan Soto-Wright (LinkedIn profile) is the company’s co-founder and CEO; he is also the founder and general partner of the New York-based venture capital firm HODL.vc. His co-founder is Victor Faramond (LinkedIn profile).

According to the company, it is active in more than 160 countries. Its technology is used by 250+ leading wallets, websites, and applications to accept payments and defeat fraud.

On Trustpilot, the company earned an “Excellent” trust level with a 4.1-star rating based on 50,000 reviews. This is impressive.

Through a Moonypay interface, Hackers gained access to the IOTA Network in 2020 and stole tokens worth $2.3 million US. The IOTA Foundation has not sought further cooperation with MoonPay since the hack.

We have identified MoonPay several times already as facilitating payment processors for scams as we have its Estonian partner oobit (PC42 profile.and thus, we include MoonPay in our “Orange Compliance Light” list.