The CoinsPaid Scam and money laundering — Episode 1 — The negative equity mystery In this first article, our investigations demonstrate that much more money got stolen from CoinsPaid than what they publicly declared.

We also show that due to this theft, the equity of the company is negative which means it is bankrupt.

Finally, we are going to try to understand why it is still operating in these conditions and why the Estonian authorities are not reacting as a contagion risk exists as it happened for CoinLoan.