Following FinTelegram’s exposé on Coin Sonic UAB, the operator of illegal offshore casinos SlotsDynamite and SlotsAmigo has quietly replaced its Lithuanian payment facilitator with Yotta Pay, an unlicensed UK entity leveraging Revolut‘s open banking infrastructure. Here is our update on the payment facilitators involved in these offshore casino schemes.
FinTelegram’s Impact Confirmed
On 30 October 2025, FinTelegram published its compliance report questioning whether Lithuanian VASP Coin Sonic UAB was being misused to facilitate fiat payments for offshore casinos operating illegally in the EU. Following that report, Coin Sonic’s MLRO, Tsimafei Breski, sent a complaint alleging defamation—yet failed to identify any specific inaccuracy.
Read the Coin Sonic report here.
Our follow-up review on 3 December 2025 confirmed that our reporting has had a direct effect: Coin Sonic UAB d/b/a InstaXchange has apparently terminated its relationship with Coco Loco Holdings N.V., the Curacao-based operator of SlotsDynamite and SlotsAmigo. Player bank transfers are no longer routed to Coin Sonic‘s Banking Circle account. (Screenshot left).
New Payment Facilitator: Yotta Pay
Coco Loco Holdings N.V. has now engaged Yotta Digital Ltd (trading as Yotta Pay) as its replacement payment facilitator. Yotta Digital Ltd is a UK-registered micro-entity (company number 12195240), incorporated on 9 September 2019 and headquartered in Swansea, Wales. The sole director and person with significant control is Ukrainian citizen Ihor Kononko.
Yotta Digital Ltd is not authorized by the FCA. A search of the Financial Conduct Authority’s Financial Services Register returns no entry for Yotta Digital Ltd or Yotta Pay. Without FCA authorization as a Payment Institution or Electronic Money Institution, Yotta Pay cannot legally provide payment services to UK or EU consumers.
Traffic intelligence analysis of YottaPay.co.uk reveals that 100% of outgoing links point to oba.revolut.com—Revolut’s Open Banking subdomain. This suggests Yotta Pay operates as a technical layer routing payments through Revolut‘s open banking API infrastructure, rather than processing transactions under its own regulatory authorization.
Payment Flow for Illegal Casino Deposits
Our review identified the following deposit flow for players at SlotsDynamite and SlotsAmigo:
- Player initiates bank deposit at the casino
- Redirected through high-risk gateways such as Omerpayments.com or Zinzipay.com
- Lands on Yotta Pay’s checkout interface (YottaPay.co.uk)
- Payment routed via Revolut Open Banking to the recipient account
This multi-layer routing obscures the ultimate beneficiary and enables unlicensed offshore casinos to accept EU player deposits through seemingly legitimate UK open banking infrastructure.
Compliance Concerns
Yotta Pay presents significant compliance red flags:
- No FCA authorization despite facilitating payment services
- Sole Ukrainian director with no disclosed compliance team
- Opaque payment routing through multiple high-risk intermediaries
- Exploitation of Revolut’s Open Banking API for gambling-related transactions
Revolut should investigate whether its open banking infrastructure is being exploited by unlicensed payment facilitators serving illegal gambling operations.
Summary: Payment Facilitator Comparison
| Category | Old Facilitator | New Facilitator |
|---|---|---|
| Entity | Coin Sonic UAB d/b/a InstaXchange | Yotta Digital Ltd d/b/a Yotta Pay |
| Jurisdiction | Lithuania | United Kingdom (Wales) |
| Registration | Company code 306200594 | Company number 12195240 |
| Director | George Adamides | Ihor Kononko (Ukrainian) |
| Regulatory Status | VASP (not licensed for fiat payments) | Not FCA-authorized |
| Bank Account | Banking Circle Germany (DE73202208000056199298) | Via Revolut Open Banking |
| Payment Routing | Via InstantBankPayment.com / Yapily | Via Omerpayments.com / Zinzipay.com |
| Casino Clients | SlotsDynamite, SlotsAmigo | SlotsDynamite, SlotsAmigo |
Call for Information
FinTelegram invites players, insiders, and whistleblowers with knowledge of Yotta Pay, Coin Sonic, Coco Loco Holdings N.V., or related payment schemes to come forward. Information on payment flows, transaction records, corporate relationships, or compliance failures can be submitted confidentially via our whistleblower platform Whistle42.
Your information helps protect consumers and expose illegal gambling operations exploiting European payment infrastructure.
