Key Points

• Alexander Horst Riedinger is an Austrian entrepreneur linked to A.R. Merkeleon GmbH and CoinsPaid, a crypto payment processor.

• Allegations suggest CoinsPaid may be involved in money laundering and illegal gambling, with Riedinger potentially acting as a frontman.

• Reports indicate attempts by Riedinger to suppress negative media, raising concerns about transparency.

• No public lawsuits or sanctions were found, but the allegations warrant caution.

• The complexity of these claims requires careful consideration, as evidence is not fully conclusive.

Who Is Alexander Horst Riedinger?

Alexander Horst Riedinger is known for running businesses in digital technology and cryptocurrency. He founded A.R. Merkeleon GmbH, a company focused on online trading platforms, and is a key figure in CoinsPaid, which processes cryptocurrency payments. While he presents himself as an innovator, serious accusations have surfaced about his business practices.

What Are the Allegations?

CoinsPaid, where Riedinger is a beneficial owner, faces claims of facilitating money laundering and supporting illegal gambling platforms. Some reports suggest Riedinger might be a front for others involved in these activities. Additionally, there are concerns about a $37 million hack that hit CoinsPaid, hinting at financial troubles.

Should You Be Concerned?

If you’re considering using CoinsPaid or engaging with Riedinger’s businesses, these allegations suggest potential risks. The lack of clear legal action doesn’t dismiss the concerns, especially in the murky world of crypto. It’s wise to stay cautious until more clarity emerges.

Investigation Report: Alexander Horst Riedinger

Introduction

We, as investigative journalists, have embarked on a thorough examination of Alexander Horst Riedinger, an Austrian entrepreneur whose ventures in cryptocurrency and IT have sparked significant controversy. Our investigation explores allegations of suspicious activities, undisclosed business ties, scam reports, and adverse media surrounding Riedinger and his associated entities, particularly CoinsPaid. With a focus on consumer protection, financial fraud, and reputational risks, this report leverages open-source intelligence (OSINT) to uncover the truth. We aim to provide a detailed, balanced analysis, culminating in an expert opinion on the implications for consumers and investors.

Personal Profile

Alexander Horst Riedinger is an Austrian entrepreneur based in Pöttelsdorf, Austria. He is the CEO and founder of A.R. Merkeleon GmbH, a company established in 2009 that specializes in E-Commerce and blockchain solutions. His personal website describes him as a visionary leader dedicated to optimizing digital presence for businesses. Riedinger’s professional profiles on platforms like LinkedIn and F6S highlight his role in advancing digital commerce and cryptocurrency exchanges. However, his involvement with CoinsPaid has drawn scrutiny, overshadowing his public persona as an innovator.

Business Activities

Riedinger’s business portfolio includes two primary entities:

• A.R. Merkeleon GmbH: Based in Austria, this company develops software for online auctions and trading platforms, with a focus on blockchain technology. Riedinger is the sole owner and managing director, as noted on FirmenABC.

• CoinsPaid: A cryptocurrency payment processor operating through legal entities in Estonia, Lithuania, and El Salvador. Riedinger is listed as a beneficial owner alongside Max Krupyshev, the CEO. CoinsPaid’s brand, CryptoProcessing, reportedly processed €2.230 billion in Q3 2024, positioning it as a major player in the crypto sector (FinTelegram).

These ventures place Riedinger at the intersection of E-Commerce and cryptocurrency, but CoinsPaid’s operations have attracted significant allegations.

Suspicious Activities and Allegations

Our investigation uncovered several serious accusations against Riedinger and CoinsPaid, detailed below:

Money Laundering

• CoinsPaid is alleged to facilitate money laundering, handling hundreds of millions of euros annually for offshore and illegal gambling platforms (Wiener Zocker).

• Reports suggest Riedinger may act as a frontman for Belarusian money launderers, with CoinsPaid serving as a conduit for criminal funds.

• The company’s ties to high-risk industries, such as online gambling, raise concerns about compliance with anti-money laundering (AML) regulations.

Financial Misconduct

• A reported $37 million loss from a hack has cast doubt on CoinsPaid’s financial stability, contradicting earlier claims of robust performance (Wiener Zocker).

• This incident has fueled speculation about potential bankruptcy, undermining trust in the company’s operations.

Regulatory Evasion

• Operating under an Estonian crypto license via Dream Finance OÜ, CoinsPaid is accused of violating finance and governance norms (FinTelegram).

• Its complex structure across multiple jurisdictions is seen as a strategy to evade regulatory oversight.

Suppression of Negative Media

• Riedinger is accused of engaging in perjury, impersonation, fraud, and cybercrime to remove adverse news about his activities (Cyber Policia).

• These efforts suggest an attempt to conceal a questionable past and protect his business interests.

Table of Allegations

OSINT and Business Relationships

Open-source intelligence reveals a network of connections that complicate Riedinger’s profile:

• A.R. Merkeleon GmbH: While focused on E-Commerce, its links to CoinsPaid suggest deeper crypto involvement (FirmenABC).

• CoinsPaid Ownership: Riedinger and Max Krupyshev are beneficial owners, but the company’s structure obscures true control (FinTelegram).

• Ivan Montik and SoftSwiss: Montik, a Belarusian entrepreneur, connects CoinsPaid to SoftSwiss, a crypto casino platform, hinting at a broader controversial network.

• AlphaPo: CoinsPaid shares technology and leadership with AlphaPo, raising transparency concerns (Wiener Zocker).

Scam Reports and Red Flags

Media outlets have flagged several issues:

• FinTelegram: Noted CoinsPaid’s role in processing transactions for gambling sites in sanctioned regions like Russia and Belarus (FinTelegram).

• Wiener Zocker: Suggested Riedinger’s role as a frontman and highlighted CoinsPaid’s financial woes (Wiener Zocker).

• Cyber Policia: Accused Riedinger of cybercrimes to suppress negative press, a significant red flag (Cyber Policia).

These reports underscore concerns about transparency, compliance, and ethical conduct.

Criminal Proceedings, Lawsuits, and Sanctions

No public records of lawsuits or sanctions against Riedinger were found. The cryptocurrency sector’s jurisdictional complexity may obscure legal actions, and investigations could be ongoing without public disclosure. Regulatory bodies in Estonia or Austria may be monitoring CoinsPaid, but no concrete evidence of legal proceedings exists as of April 15, 2025.

Adverse Media and Negative Reviews

Adverse media is extensive:

• FinTelegram: Links CoinsPaid to illegal gambling and questions its compliance (FinTelegram).

• Wiener Zocker: Raises alarms about money laundering and financial instability (Wiener Zocker).

• Cyber Policia: Highlights Riedinger’s alleged efforts to censor damaging reports (Cyber Policia).

Consumer complaints are scarce, likely due to CoinsPaid’s business-to-business model, but the media coverage signals significant reputational risks.

Bankruptcy Details

CoinsPaid’s $37 million hack loss has sparked concerns about its financial health (Wiener Zocker). While no bankruptcy filings are public, the incident suggests potential insolvency risks, especially given the company’s opaque financial reporting.

Risk Assessment

The allegations present multiple risks:

• Consumer Protection: Users of CoinsPaid may face exposure to fraudulent or illegal transactions, undermining trust in the platform.

• Financial Fraud: Money laundering and regulatory evasion threaten the financial system’s integrity.

• Reputational Risks: Riedinger’s media suppression efforts and controversial ties damage his credibility.

• Regulatory Risks: CoinsPaid’s operations could attract sanctions or license revocations if violations are confirmed.

Table of Risks

Conclusion: Expert Opinion

Our investigation reveals a troubling pattern of allegations against Alexander Horst Riedinger and CoinsPaid. While no public lawsuits or sanctions confirm these claims, the volume of adverse media, red flags, and suspicious activities demands caution. CoinsPaid’s alleged role in money laundering, coupled with Riedinger’s reported efforts to suppress negative press, suggests a lack of transparency that could harm consumers and investors. Regulatory bodies should prioritize scrutiny of CoinsPaid’s operations, and stakeholders are advised to approach Riedinger’s ventures with skepticism until clarity emerges.

Key Citations

• FinTelegram News on Alexander Horst Riedinger

• Wiener Zocker: Potential Crypto Scandal in Austria

• Cyber Policia: Riedinger’s Cyber Crime Report

• A.R. Merkeleon GmbH Official Website

• FirmenABC: Riedinger’s Business Details

• F6S Profile of Alexander Riedinger

• LinkedIn Austria Professional Network

• Similio: Alexander Horst Riedinger Company Profile