Skrill “Deposits” That Aren’t Deposits: German Player Says Bassbet Switched from utPay to ChainValley — The MiCA Hand-Off in Real Time?

Charlene Lensburg
Tue, 03 Mar 2026 17:58:40 +0000
Illegal gambling, Illegal Payment Services, ticker, Bassbet, Chain Valley, Chainvalley, Legiano, Neteller, Shadow Skrill, Skrill, Skrill Neteller, utPay, Utrg

A German offshore-casino player has provided FinTelegram with a detailed account that directly supports our working hypothesis: ChainValley is replacing Lithuania’s suspended utPay/UTRG stack inside casino cashier flows—especially where deposits are branded as Skrill. The player describes a “Skrill payment” that is actually a crypto purchase + wallet transfer, and a refund/KYC workflow where ChainValley support allegedly sent the verification link—suggesting operational continuity behind the scenes.

Key Findings (from the player’s email + FinTelegram context)

Player-reported switch: Bassbet casino allegedly changed its embedded crypto exchange rail from Utorg/utPay to ChainValley, while continuing to present the flow as a normal “Skrill transfer.”

Low-salience disclosure: The player describes a “small tab” in the Skrill corner stating they accept to buy crypto and send it to the stored address—a pattern FinTelegram has already documented in “fake-fiat” deposit flows where consent is minimally disclosed and often pre-ticked.

Refund/KYC oddity: In a refund attempt, the player claims Utorg support required identity verification, but the verification link was sent by ChainValley support, which—if evidenced—would be a strong indicator of shared back-office tooling or a transition of operational control.

Regulatory pressure backdrop: FinTelegram has reported that UTRG UAB d/b/a utPay suspended all crypto-asset services effective 1 Jan 2026, citing MiCA compliance and awaiting authorization from the Bank of Lithuania.

Documented UTORG → ChainValley plumbing: UTORG’s own Terms/website navigation show “Buy Crypto” linking directly to app.chainvalley.pro, which is not a rumor—it’s first-party product routing.

Terms vs observed reality: ChainValley’s Terms state users must not use the service for “illegal gambling operations” and list “illegal gambling services” as prohibited.

Read our utPay reports here.

Analysis & Interpretation

1) The “Skrill disguise” is the compliance trick

The email describes the exact structure FinTelegram has been warning about: a casino cashier presents a familiar consumer payment brand (Skrill), but the user is pushed—quietly—into a different legal characterization: a crypto purchase that is then forwarded to a casino wallet. This “relabeling” matters because it can structurally weaken consumer redress and chargeback leverage (“you received the crypto you bought”). FinTelegram documented this pattern in the Legiano case, including a low-salience consent line (“buy crypto and send to the specified address”) and funding via Skrill/Neteller.

We were able to confirm the player’s information insofar as we once again found ChainValley in Bassbet’s Skrill payment rail.

Compliance implication: If a payment journey is designed so that a player believes they made a “casino deposit” but is legally processed as a “crypto purchase,” that raises immediate consumer protection, AML/KYB, and payment integrity questions—especially in jurisdictions where the underlying gambling offer is unauthorized.

Read our ChainValley reports here.

2) The “verification link from ChainValley support” is a potentially critical signal

Conceptually, this is exactly the kind of operational detail that breaks a rail case open:

If Utorg/utPay refund workflows are being processed via ChainValley tooling (or vice versa), that suggests either shared operations, a migration, or a white-label continuation.

ChainValley’s own Terms explicitly describe third-party/white-label access (“Third Parties may… deploy it as a white-label solution”).

What we need: The original verification email (headers + full URL), any support ticket IDs, and screenshots of the KYC page branding.

3) Our working hypothesis (updated): ChainValley is the operational successor rail to utPay post-MiCA

FinTelegram has reported utPay’s suspension effective 1 Jan 2026. In parallel, FinTelegram’s UTORG/ChainValley migration analysis notes a “Lithuania → Poland” shift and explicitly highlights UTORG’s direct linkage to app.chainvalley.pro.

This whistleblower email fits that picture: a casino rail swaps out “Utorg/utPay” for “ChainValley” but keeps the front-end payment UX familiar (Skrill), while the back-end remains a crypto conversion and wallet-forwarding mechanism.

Bottom line: this looks less like a new provider entering the market and more like the same rail evolving under regulatory pressure.

Summary Table

Node | Brands / Labels in casino cashier | Key domains | Legal entity / jurisdiction | Regulatory situation (high-level) | Role in the rail
utPay / UTORG (legacy rail) | “utPay” / “Utorg” often appearing behind cashier methods | utpay.io; app.utpay.io; utorg.com; utorg.pro | UTRG UAB (Lithuania) referenced in FinTelegram coverage | FinTelegram reports utPay services suspended effective 1 Jan 2026 pending MiCA authorization. | Crypto on-ramp / “fake-fiat” conversion rail into casinos
ChainValley (replacement rail) | “Skrill / Neteller” branded flows leading into crypto purchase | chainvalley.pro; app.chainvalley.pro | Chain Valley Sp. z o.o. (Poland) | Terms prohibit “illegal gambling operations/services”; positioning as compliant KYC/AML, but casino exposure is repeatedly observed. | Crypto purchase + forwarding layer; apparent successor to utPay in many casino stacks
UTORG → ChainValley linkage | “Buy Crypto” routing | utorg.com | UTORG website links “Buy Crypto” to app.chainvalley.pro | First-party linkage visible on UTORG site navigation/terms. | Evidence of technical/commercial coupling
Casino example (player report) | Bassbet cashier (Germany player) | (player-provided) | Offshore operator (unverified) | Player claims casino was unlicensed/unknown to him | Rail switch (Utorg → ChainValley) while keeping “Skrill” UX

What we’re asking players and insiders to send (Whistle42)

If you have used Skrill/Neteller deposits at offshore casinos and saw utPay/Utorg replaced by ChainValley, we need evidence:

1. Screenshots of the deposit screen showing Skrill branding + the small disclosure text

2. Order pages (utPay/Utorg/ChainValley “exchange order” pages)

3. Bank/Skrill statements showing descriptors, timestamps, and reference IDs

4. Wallet transfer evidence (USDC/USDT tx hash, destination wallet, screenshots)

5. Support emails (especially the claimed KYC/verification link sent by ChainValley support)

Submit securely via Whistle42. This is the fastest way to map the true merchant-of-record chain and identify which regulated entities (and upstream partners) are enabling deposits into unauthorized gambling.