Investigations - page 2

Ambisafe owes $200k in salaries to dozens of developers

The Ambisafe IT company that develops blockchain projects owes salaries to its 30 ex-workers since 2019: developers, DevOps, Team Leads. The total debt exceeds $200,000. The management has remained silent on this issue since summer 2021. However, now the company

State Fiscal Service searches an online casino developer. How is Gamingtec involved?

On September 6, the State Fiscal Service wrote on Facebook that they discovered an international online casino with an annual turnover of $30 million. They did not mention its name in the release, as usual. The editorial board of AIN.UA succeeded in

Ukrainian law enforcers uncover the “largest mining farm” that turns out to be a legal IT company

On July 8, 2021, the Security Service of Ukraine announced that it had uncovered “a large mining farm” that was illegally using the city’s electric energy and seized its mining equipment, which, however, turned out to be PlayStation 4 Slim

Ukrainian generates Xbox gift cards for $10M and sells them on eBay – the story of a big scam

The Xbox gift card is a 25-character code that adds a certain amount of money in dollars to the user’s wallet after its activation. This money can be spent on any of the company’s products – video games, Office and

Ukrainian firm TA Ventures participates in London-based Jiffy’s £2.6M seed round

TA Ventures, a Ukrainian VC firm investing in early-stage startups, has participated in a £2.6 million seed round of Jiffy, a London-based superfast grocery delivery service. This is reported by TechCrunch. The round was led by LVL1 Group, with participation

Ukrainian company Everad heads massive scam selling fake dietary supplements in Europe

An organized network based in Ukraine and Russia has been selling in Romania (and not only there) mixtures said to “cure every ailment,” including such serious diseases as hypertension and diabetes. The company urges its customers to refuse treatment prescribed

NABU suspects ex-top executives of PrivatBank of misappropriation of 137M UAH. Founders of Fintech Band (monobank, koto) are among them

On February 23, 2021, NABU detectives announced the suspicion of misappropriation of 136.89 million UAH to the team of PrivatBank ex-managers. This is reported by the official website of NABU, as well as the General Prosecutor’s Office. The report of

What happens in Kwambio: employees get no pay, startup does not work, management tries to relaunch it

Employees at one of the most promising Ukrainian 3D printing startups, Kwambio, are complaining that for almost a year, they have been getting their paychecks late and have received no money at all since September 2020. The company admits there

Horizon Capital invests in MAKEUP. We find out the deal amount and the size of the stake

On May 29, Ukrainian online retailer MAKEUP and Horizon Capital’s EEGF III fund announced the transaction. The parties did not disclose the details of the deal, having said just that “Horizon Capital has acquired a significant minority stake.” However, the

Ukrainian startup Sixa vanishes after attracting $5 million in investments – big story by AIN.UA

Within a couple of years, Ukrainian startup Sixa has managed to join startup accelerator Y Combinator, attract $5 million in investments from reputed funds, announce three ambitious products, and… vanish. In 2020, when asked by AIN.UA about the progress of