One of a biggest Bitcoin scammers of new years is behind operative with an purported fraud income send use that is employed by several Bitcoin exchanges, SiliconANGLE has exclusively learned.
Lithuania-born Tadas Kasputis initial came to a courtesy in Jan 2015 when we investigated a array of fraud Bitcoin-related services including EgoPay, Virtex.com, and Paymentbase.
Kasputis’ story in scams dates behind to his time as a tyro during a Kaunas University of Technology (KUT,) Kaunas, Lithuania, where he became concerned in a using of a association called Regal Fund Diversified Inc. (Regal,) a HYIP that offered a standard earnings we design from a pyramid scheme: “6.5% weekly investment payout of sum principle…total 100% lapse element + 238% lapse distinction after a initial year, afterwards sum 338% again for any following year for life.”
Regal also offering RegalPay, an Ecurrency that predated Bitcoin, among other services.
During a initial partial of a 2010’s Kasputis determined Egopay, a Bitcoin sell use that ceased trade in Jan 2015 with potentially millions of dollars stolen, and associated entities Virtex.com and Paymentbase; Virtex was a Bitcoin and Litecoin sell formed in Lithuania that also ceased trade in Jan 2015, while Paymentbase offering remuneration transfers