The Danish on/off-ramper Swapped is systematically acting as an integrated payment facilitator for illegal offshore gambling schemes. Following our discoveries of Swapped embedded in illicit casinos like Roobet and GamDom, our latest review of the Juice.gg scheme reveals Swapped operating as the platform's sole FIAT payment processor. By utilizing a deceptive two-step "fake fiat" rail, Swapped funnels European retail funds through its Banking Circle accounts in Munich directly into unlicensed offshore casino wallets.