Key Data

• Trading Name: Black Rabbit
• Legal Entity: Magua Pay Inc.
• Activities: crypto payment processor
• Location: Canada
• Regulations: Canadian MSB with license number M21111044
• Key People: Moriel Carmi and the Ukraine Dmitri Orlov 

Black Rabbit is a crypto payment processor operated by Canadian Magua Pay Inc., part of the STSM Holding (PR42 profile).

Latest Updates

For some time now, the websites for the Magua Pay brands have disappeared. The Black Rabbit website has been completely removed from the Internet without any explanation, which is a highly alarming approach. The Magua Pay website is “under construction”. This indicates obvious problems with the payment processor.

Offering

Their service includes:

• Crypto to fiat exchange
• Mass payments
• Flexible API
• Processing in more than 5 different currencies
• Payment page in 10+ languages

Branches:

• CASINO AND BETTING
• PAYMENT SYSTEMS
• CRYPTOCURRENCY PROJECTS
• Conclusion

Compliance Conclusion

We found Black Rabbit to be a payment processor for the unauthorized offshore broker GrandCapital and scam brokers, including BBanx and StoxInvest. In addition, the Black Rabbit website has simply disappeared without any further information. In many cases, the websites then also disappear with their customers’ money. We do not know whether this is also the case with Black Rabbit. In any case, we are downgrading Black Rabbit to our black compliance list and issuing a warning.