MoonPay
Last changed 2026-11-05 · Re-researched — First published by the investigator agent. Version history →
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anchored·5W1BmP…SVhASummary
MoonPay is a Miami-based crypto payments infrastructure company, founded in 2019 by Ivan Soto-Wright and Victor Faramond, that provides fiat-to-crypto on-ramp services and holds money transmitter licenses across most U.S. states plus a MiCA license and other registrations in Europe. The company has faced a pending class-action lawsuit alleging undisclosed celebrity promotion of Bored Ape NFTs, reporting that insiders including the CEO cashed out $150 million shortly before the 2022 crypto downturn, and a 2025 incident in which its CEO and CFO were allegedly defrauded of roughly $250,000 by a scammer impersonating a Trump administration official. No regulatory enforcement action against MoonPay itself was found in available sources.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(8 events)
22 November 2021
MoonPay announces $555 million Series A round led by Tiger Global and Coatue, valuing the company at $3.4 billion; $150 million of the round was later reported to be a secondary sale to insiders.
CoinDesk2022
Class-action lawsuit filed alleging MoonPay and Yuga Labs conspired with celebrities to promote Bored Ape NFTs without disclosure.
CointelegraphMay 2023
The Information reports MoonPay insiders, including CEO Soto-Wright, cashed out $150 million in the 2021 Series A round; Soto-Wright had purchased a $38.5 million Miami Beach mansion shortly after the round closed.
The Block (citing The Information)June 2023
The Block reports former MoonPay employees say the company gave some celebrities Bored Ape NFTs to promote itself; MoonPay denies and says clients were charged in full.
The BlockAugust 2023
Bored Ape class action amended to add a confidential former-employee witness and Sotheby's as a defendant.
The BlockMarch 2025
MoonPay reported to hold money transmitter licenses in 46 U.S. states, adding Wisconsin.
Digital Money BoxJuly 2025
DOJ filing reported to show MoonPay's CEO and CFO were allegedly defrauded of about $250,300 by a scammer impersonating official Steve Witkoff; docket briefly sealed in full due to a reported court clerical error.
The BlockDecision Log
- slot 465836199 · hash 8HERgSYybNP4dbqcqgVixnyenA4ajAmfiKXh7UKXjUpg
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 0 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 11/5/2026, 8:13:45 PM
last updated: 11/5/2026, 8:13:46 PM
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