One of the biggest Bitcoin scammers of recent years is back working with an alleged scam money transfer service that is utilized by several Bitcoin exchanges, SiliconANGLE has exclusively learned.
Lithuania-born Tadas Kasputis first came to our attention in January 2015 when we investigated a series of scam Bitcoin-related services including EgoPay, Virtex.com, and Paymentbase.
Kasputis’ history in scams dates back to his time as a student at the Kaunas University of Technology (KUT,) Kaunas, Lithuania, where he became involved in the running of a company called Regal Fund Diversified Inc. (Regal,) a HYIP that offered the typical returns you expect from a pyramid scheme: “6.5% weekly investment payout of total principle…total 100% return principle + 238% return profit after the first year, then total 338% again for each following year for life.”
Regal also offered RegalPay, an Ecurrency that predated Bitcoin, among other services.
During the first part of the 2010’s Kasputis established Egopay, a Bitcoin exchange service that ceased trading in January 2015 with potentially millions of dollars stolen, and related entities Virtex.com and Paymentbase; Virtex was a Bitcoin and Litecoin exchange based in Lithuania that also ceased trading in January 2015, while Paymentbase offered payment transfers