A wave of whistleblower disclosures and investigative reporting has placed SoftSwiss at the center of mounting controversy over its role in global online gambling operations. At issue are claims that the company’s Malta-licensed entity, Stable Aggregator Ltd. (MGA/B2B/942/2022), may be operating far beyond the boundaries of a traditional B2B game-aggregation provider. Critics allege that SoftSwiss functions as a centralized payment orchestration hub for offshore casinos targeting restricted and prohibited jurisdictions.
According to industry sources, multiple casinos operating under Curaçao and Tobique licenses—including brands linked to Dama N.V., Stable Tech N.V., and Hollycorn N.V.—share nearly identical cashier infrastructures. These systems reportedly integrate crypto processors CoinsPaid and CryptoProcessing alongside open-banking and instant-banking rails. The uniformity has fueled speculation that SoftSwiss provides not only platform services but also coordinated payment architecture across nominally separate operators.
The allegations directly implicate key figures associated with SoftSwiss, including founder Ivan Montik, executive Pavel Kashuba, and Chief Commercial Officer Maksim “Max” Trafimovich. Public corporate records confirm Montik’s historic involvement in crypto-payment initiatives connected to the iGaming space. Critics argue that the overlap between platform infrastructure and crypto payment channels raises legitimate compliance questions—particularly where casinos allegedly target jurisdictions such as Saudi Arabia, UAE, Egypt, and Qatar, where gambling faces strict legal restrictions.
Payment processors CoinsPaid and CryptoProcessing—operated by Dream Finance OÜ in Estonia—appear repeatedly across reviewed casino brands. While holding a VASP license in Estonia, the processors’ presence in offshore casino ecosystems has drawn scrutiny from compliance observers. The core concern is whether crypto rails are being used to route transactions in ways that obscure merchant identity or regulatory exposure.
As of early 2026, no formal enforcement action has been publicly announced against Stable Aggregator Ltd. However, the structural overlap between platform provider, crypto processors, and offshore operators presents regulators with a complex compliance puzzle. The question now confronting authorities is whether SoftSwiss is merely a technology supplier—or something far more operationally embedded in the global payment flow of high-risk gambling markets.
