RakeBit Update: “Buy Crypto” Rail Appears Down — Did MoonPay & Changelly Offboard the No-KYC Casino?

Ben
Sat, 10 Jan 2026 14:09:19 +0000
Illegal gambling, Illegal Payment Services, Rail Atlas Cases, ticker, Anjouan, Changelly, MoonPay, No-KYC, RakeBit

FinTelegram has re-tested the RakeBit crypto casino / sportsbook between January 6–10, 2026 and observed repeated failures when attempting to fund accounts via the embedded “Buy Crypto” flow previously routed through MoonPay and Changelly. If confirmed, the loss of this indirect FIAT deposit rail would remove a key conversion chokepoint—potentially explaining RakeBit’s sharp traffic decline in December 2025.

Key Points

Core finding (Jan 6–10, 2026): The “Buy Crypto” / indirect FIAT deposit rail no longer works in repeated daily tests across jurisdictions (error messages during deposit attempts).

In our November 2025 compliance report, MoonPay and Changelly were deeply integrated into RakeBit’s onboarding/deposit journey, enabling FIAT → crypto → RakeBit wallet funding.

RakeBit continues to market itself as a “No-KYC” casino and—per its disclosed terms—operates via Innovex Tech Holdings Ltd (Anjouan / Comoros).

Hypothesis: The most plausible explanation for the repeated failures is that MoonPay and/or Changelly are no longer supporting RakeBit (offboarding, merchant termination, widget blocking, or compliance geo-restriction). MoonPay explicitly documents region-based widget errors and embed/allowlisting controls that can hard-stop an integration.

Traffic angle: Losing the FIAT on-ramp can materially reduce new-player conversion—especially for non-crypto natives—making it a credible contributor to a December traffic drop (correlation, not proof of causation).

Reminder: We also warned in November 2025 about RakeBit routing users to the scam domain “Changelly.pro” (distinct from the legitimate Changelly), highlighting elevated deposit-risk conditions around its “Buy Crypto” funnels.

Read our reports on MoonPay here.

Rail Map Mini: RakeBit Deposit Chokepoint (Update)

Rail Type: Indirect FIAT Deposit (“Buy Crypto”) → crypto transfer → casino wallet credit

1. Player Funding Intent (FIAT): User wants to deposit with card/bank but casino is “crypto-first.”

2. Conversion Layer (“Buy Crypto”): Previously routed via MoonPay / Changelly inside RakeBit’s UX (Nov 2025).

3. Settlement: Purchased crypto is transferred to wallets controlled by RakeBit / its operators (casino balance credited).

4. Cash-out: Winnings typically paid out in crypto (keeping the “casino layer” no-KYC while the on-ramp performs KYC/verification).

Status (Jan 6–10, 2026): Conversion Layer appears non-functional in repeated tests → rail disruption likely.

Short Narrative: What Changed Since November 2025

In our November 6, 2025 RakeBit report, we documented a classic offshore casino pattern: no meaningful KYC at the gambling layer while embedding “compliant-looking” on-ramp partners that perform identity checks at the crypto-purchase step—creating a high-risk architecture that still enables unlicensed gambling access across restricted jurisdictions.

During the January 6–10, 2026 retest window, FinTelegram repeatedly attempted the same indirect FIAT deposit flow (via the embedded “Buy Crypto” rail historically associated with MoonPay/Changelly). Across multiple days and jurisdictions, the deposit attempts returned errors and did not complete, suggesting the on-ramp path has been disabled, blocked, or terminated.

Extended Analysis: Why Offboarding Is the Lead Hypothesis

We cannot confirm contractual relationships without cooperation from the parties. However, the pattern is telling:

MoonPay-side enforcement is technically easy. MoonPay’s documentation makes clear that widgets can fail due to geo restrictions or domain/embed controls, which can be used to prevent unauthorized or high-risk placements.

Changelly’s FIAT capability often depends on upstream partners. Changelly describes that it processes FIAT transactions through partners including MoonPay, implying that disruption in partner routing can directly break FIAT purchase paths.

RakeBit’s risk profile is structurally offboard-worthy. The platform openly markets a “No-KYC” proposition and operates via an offshore licensing posture (Anjouan), which is widely marketed as fast/low-friction for gambling operators—an attractive feature for “regulation-avoiding” models.

Working hypothesis (most likely): MoonPay and/or Changelly have stopped servicing RakeBit (compliance offboarding or risk controls), and RakeBit has not yet implemented a replacement on-ramp rail.

Alternative hypotheses (less satisfying, but possible):

RakeBit broke its own integration (expired keys, misconfigured domains, widget embed failure). MoonPay explicitly notes embed allowlisting issues can produce errors.

RakeBit intentionally removed the rail temporarily (pressure, chargeback exposure, or partner dispute).

Read our reports on Changelly here.

Actionable Insight: What To Watch Next (Rail Research)

Signals that confirm a partner offboarding (high value evidence):

Screenshots/video of the error flow showing MoonPay/Changelly branding and any error codes.

Page-source or network calls identifying the on-ramp endpoint being blocked/terminated.

Updated RakeBit terms or checkout UI replacing MoonPay/Changelly with a new partner.

Affiliate chatter or operator communications explaining deposit failures.

Why this matters for regulators & compliance teams:
The on-ramp is the real chokepoint. If major on-ramp partners withdraw, offshore casinos often:

shift to direct crypto-only deposits (higher friction, lower conversion), or

rotate to less regulated facilitators, often via Cyprus or similar payment-agent hubs (a pattern we previously mapped in RakeBit’s structure).

RakeBit Key Data Overview

Category | Details
Website | rakebit.com
Current Operator | Innovex Tech Holdings Ltd (Anjouan, Comoros)​
Previous Operator | TECH GROUP BL LIMITADA (Costa Rica, reg. 3-102-880902)​
Payment Agent | Novaflow Processing LTD. Company number: HE 454267. Address: Archiepiskopou Makariou III, 84, office 1, 6017, Larnaka, Cyprus.
Connected Entity | TrueFlip.io / Blockchain Games N.V. (Curaçao)​
Ultimate Beneficial Owner | Konstantin Katsev (based on whistleblower intelligence)​
License | Anjouan Gaming (Union of Comoros)​
KYC Policy | No KYC for gambling; marketed as “No-KYC Casino”​
Payment Facilitators | MoonPay Ltd, Changelly​
Primary Traffic Source | ~90% United States (prohibited jurisdiction)
Scam Allegations | Multiple BitcoinTalk complaints: $30K seizure, $12K withheld, $833 confiscated​
Restricted Markets Accepting | Italy, Germany, UK, United States (verified November 6, 2025)
TrueFlip Status | Closed; redirects to RakeBit (November 6, 2025)​

Call for Information (Whistle42)

Have you tried depositing on RakeBit in January 2026 and captured the error screen, wallet flows, or updated “Buy Crypto” providers? Are you an insider (affiliate manager, PSP liaison, treasury/ops) with evidence of MoonPay/Changelly offboarding or a replacement rail being negotiated? Share securely via Whistle42. Include timestamps, jurisdiction, device/browser, and any transaction IDs. (Presumption of innocence applies.)

Share Information via Whistle42