BREAKING: Is Dream Finance Undergoing a “Controlled Demolition”?
Liquidations in El Salvador and Poland Expose SoftSwiss and AlphaPo Links
A significant development in the ongoing Dream Finance investigation points to a coordinated global pullback. After the MiCA-driven shutdown in Lithuania, new insider disclosures and local investigative reporting confirm that Dream Finance-linked entities in El Salvador and Poland have entered liquidation. Previously opaque financial relationships—ranging from unusual loans involving AlphaPo to beneficial ownership ties connected to SoftSwiss—are now coming into clearer focus.
Analysis: Disassembling a High-Risk Payment Structure
Following our recent coverage of the MiCA enforcement action against Dream Finance UAB in Lithuania, Scam-Or Project has received sensitive insider intelligence suggesting a deliberate international corporate unwind. This information, supported by investigative findings published by FOCOS and El Salvador Now, indicates that the Dream Finance Group (operating under CoinsPaid and CryptoProcessing) has been systematically dissolving peripheral entities.
The apparent objective: eliminate subsidiaries that may expose legacy financial risks and obscure historical money flows linked to high-risk gambling operations.
1. The El Salvador Withdrawal: Offshore Funds and Irregular Lending
The liquidation of Dream Finance (El Salvador), reportedly initiated in March 2024, appears far from routine. According to investigations by FOCOS, this entity functioned as a holding vehicle to “secure” more than $2.1 million originating from offshore casino operations based in recognized tax havens.
Key Compliance Red Flags
The most troubling element for compliance professionals is the disclosure of an unconventional loan issued by AlphaPo. AlphaPo, a crypto payment processor widely associated with high-risk gambling exposure and previously affected by a $60 million cyberattack attributed to the Lazarus Group, has long been rumored to operate within the same ecosystem as CoinsPaid.
The existence of a direct loan arrangement suggests:
- Financial commingling beyond arm’s-length cooperation
- Mutual operational dependency
- Shared exposure to high-risk transaction flows
Such characteristics exceed the boundaries of a standard vendor or service-provider relationship.
2. The Polish Entity: Confirming the SoftSwiss UBO Connection
The liquidation of Dream Finance (Poland) delivers decisive evidence regarding beneficial ownership. Corporate records list Pavel Kashuba and Dmitry Yatzkau (also known as Dmitry Yaikau or Dzmitry Yaikau) as ultimate beneficial owners. Both individuals are known close associates of Ivan Montik, founder of CoinsPaid and a central figure within the SoftSwiss ecosystem.
What This Confirms
- Pavel Kashuba is widely cited as part of the SoftSwiss executive leadership, frequently described as CFO
- The overlap of ownership reinforces long-standing assertions that CoinsPaid and SoftSwiss operate as interconnected structures
This evidence supports the view that CoinsPaid functions as a captive crypto payment channel designed primarily to service the SoftSwiss iGaming infrastructure, while presenting itself externally as an independent service provider.
3. Understanding the Pattern: Why the Sudden Retrenchment?
These developments provide critical context for the RatEx42 “Critical (Black)” designation applied to Dream Finance. The sequence of events reveals a consistent pattern:
| Jurisdiction | Outcome | Trigger |
|---|---|---|
| Lithuania | Operations suspended | MiCA enforcement against high-risk gambling flows |
| El Salvador | Entity liquidated | Exposure of offshore casino fund shielding |
| Poland | Entity liquidated | Beneficial ownership links became explicit |
For regulatory analysts, this trajectory resembles a strategic “controlled demolition.” By dissolving exposed entities, the group may be attempting to sever legal and financial trails that could otherwise enable regulators to reconstruct historical fund movements between offshore casinos, AlphaPo, and the SoftSwiss core.
Readers can review the Dream Finance profile on RatEx42 for further details.
Compliance Assessment: Whistleblowers Outpace Official Registers
Information supplied by informed insiders has proven more revealing than public registries alone. The combined collapse of the Lithuanian, Salvadoran, and Polish entities suggests that the so-called “Shadow Rail” operational model is facing an existential threat.
The RatEx42 Critical (Black) Rating for Dream Finance is therefore reaffirmed. Any financial institution maintaining relationships with remaining group entities—particularly in Estonia or North America—must factor in a high likelihood of undisclosed liabilities and legacy exposure linked to AlphaPo.
A Message to Insiders: Transparency Matters
We acknowledge and thank the whistleblowers contributing to increased transparency around the Dream Finance / SoftSwiss network. Your disclosures play a crucial role in safeguarding the integrity of European and international financial systems.
Information We Are Seeking
- Documentation related to the AlphaPo loan
- Details on the destination of the $2.1 million following the El Salvador liquidation
- Internal correspondence addressing MiCA compliance or restructuring strategies for the Estonian entity
Evidence can be submitted securely and anonymously through the Scam-Or Project whistleblower section. Your information helps complete the map.
