Registered in Estonia, Zichain OÜ is a crypto payment processor and exchange licensed by the Estonian FIU. Besides, the company is also licensed as a general financial services provider and is doing business as Zichain (www.zichain.eu), CryptoEye (www.cryptoeye.eu), AirPalas (www.airpalas.com), and Rashbe (www.rashbe.com).
Sometime in 2021, the Zichain website vanished as did Rashbe and CryptoEye. Rashbe was associated with scams like Swiss500 or ApcoFX.
Swiss500 or ApcoFX were two of the big broker scams facilitated by Zachain via Rashbe. You still can find the orphaned links to the respective payment pages on Rashbe. Read this FinTelegram report here to learn more. Given their scam-facilitating activities, we included Zichain in the “Black Compliance Light” list.
Zichain is one of the many crypto customers of Lithuanian Payswix (PC42 profile).