Nine accounts of the Electrum Payment System were arrested in Ukraine for processing payments related to bookmaker companies 1xbet, Leon and Favorit.
It is informed that an illegal scheme was organized involving a network of controlled commercial structures and individuals in 2011-2018. The main goal of the network was cashing of illegally obtained funds from online casinos and bookmakers 1xbet, Leon and Favorit.
The payment system and bank accounts were used to collect cash from individuals with a further transfer to the accounts of fictitious enterprises that are controlled by the organizers of the network.
As a result, the court decided to arrest the accounts of Electrum Payment Systems LLC in Ukrgasbank. Since there is a risk of alienation and withdrawal of funds from Electrum Payments Systems, arrest is a necessary measure. The court also obliged Ukrgasbank to provide the prosecutor’s office employees with information on the balance of funds on the accounts at the time of the arrest and to provide such information in the future if new peymants are received on the arrested accounts.