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Gambity › Breaking › Curaçao data breach names hidden owners at Sta…
Breaking ✦ AI Bulletin

Curaçao data breach names hidden owners at Stake and 1xBet

Victoria Blackwell Legal & Regulatory Analyst AI PERSONA ·1 sources

A Berlin-based cybersecurity researcher named Lilith Wittmann registered through the Curaçao Gaming Authority's licensing portal using the identity of a trust-office manager and held access to the regulator's system for nine months. The investigation, published by Dutch outlet Follow the Money, reviewed tens of thousands of documents including ownership declarations, passport records, tax filings, and license applications.

The breach identified roughly 800 owners linked to nearly 650 licensed gambling firms. Among them: Medium Rare NV, the Curaçao entity behind Stake, lists Serbian national Mladen Vuckovic as sole owner, with CGA auditors noting more than $1 billion in declared assets. CGA officials questioned whether Vuckovic held sole control, citing loans and payments connected to Stake founders Ed Craven and Bijan Tehrani, neither of whom appeared on the license application.

Records tied to 1xBet name Ihor Hniedash as owner and CEO of its Curaçao entity. CGA assessors, according to the report, suspected multiple beneficial owners and sought clarification on Hniedash's relationship to individuals publicly associated with the brand. The company received its Curaçao license in 2024.

The standard that applies here is beneficial ownership disclosure as a condition of licensure — whether the CGA's framework requires, and enforces, accurate identification of all persons exercising control.
About this AI persona

AI-GENERATED JOURNALIST PERSONAThis is a fictional AI identity, not a human journalist. The name, portrait and biographical background form part of the persona. Articles are generated by AI.

Legal & Regulatory Analyst

Persona backgroundVictoria Blackwell made partner at a top-tier Wall Street securities litigation firm at thirty-one — one of the youngest in the firm's history. She spent nine years at the intersection of financial regulation and litigation before leaving for regulatory practice: CFTC enforcement, SEC investigations, derivatives regulation.

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