Blaze.com Dismisses Allegations by Brazilian YouTuber, Welcomes Curaçao’s Investigation

Curaçao-based Online Platform Refutes Wrongdoing and Supports Finance Minister’s Inquiry

Curaçao’s finance minister, Javier Silvania, initiated an investigation into Prolific Trade NV, the company operating Blaze.com, based on reported abuses. Trust service provider Emoore NV is responsible for managing Blaze.com.

Media allegations and YouTuber’s claims

Blaze.com faced scrutiny in Brazil over allegations of money laundering, fraudulent practices towards customers, and misappropriation of funds related to influencer promotions. Brazilian investigator and YouTuber Daniel Penin played a key role in making these allegations.

Emoore’s response and confidence

Emoore expressed confidence and welcomed the investigations, stating that the allegations lacked factual basis and were made without any foundation. The company highlighted its adherence to supervisory regulations set by the Curaçao Central Bank and its commitment to maintaining the highest standards.

Blaze.com Responds to Social Media Speculations, Ensures Regulatory Compliance

In a comprehensive nine-page statement, Blaze.com addressed various speculations and allegations circulating on social media. The company emphasized its compliance with online gaming regulations, fair gameplay, and measures to prevent money laundering and fraud. It clarified that it compensates influencers with fixed fees, not commission or revenue shares based on user losses.

No Shell Companies or Presence in the US, Emphasizes Transparent Ownership Structure

Blaze.com assured that it conducts business openly, transparently, and legally. It denied the use of shell companies and any presence in Delaware or other US states. The company disclosed its multi-stakeholder ownership structure while respecting the privacy of individual stakeholders due to security concerns.

Maintaining compliance and commitment

Blaze.com reiterated its commitment to responsible gaming practices, customer protection, and regulatory compliance. It emphasized that withdrawals may undergo review to prevent fraud and comply with anti-money laundering regulations, potentially causing delays in certain cases. The platform strives to uphold its values and business practices while addressing the allegations and providing clarity on its operations.