Russian channel claims SparkTrading’s “SpicyCash” is under criminal investigation, cites case No. 12602460043000261 filed on 10.08.26

A Russian-language post aimed at SparkTrading says the platform has “no problems,” then alleges the opposite and says it will publish pages from a criminal case file for each “false” statement made by the project’s team leads. For PSPs and acquirers, the part that matters is not the online shouting match; it is that the post names a criminal case, specific statutes, and individuals tied to the “SpicyCash” project.

1. The post says a criminal case has been opened under No. 12602460043000261 dated 10.08.26, citing articles 171.2 part 3 and 187 part 6. It presents this as a response to disputes around the SparkTrading platform and its “SpicyCash” project.
2. According to the text, an analysis of the “SpicyCash” website identified a management link with two individuals: Kashkarov E.V., a Ukrainian citizen listed as a programmer with a 14% share in the project and said to be in Ukraine; and Valuisky R.V., also a Ukrainian citizen, listed as a programmer with a 12% share and said to be in Ukraine.
3. The post also says SparkTrading team leads deny that the platform has any problems, while the author accuses them of replying with insults. One team lead, Mark, is quoted in the text as saying “under the faces I walk,” though the post gives no further context for that line.
4. The stated demand is public apologies and, from the platform side, an end to working with the team lead in question. The author also threatens to publish one page of the criminal case file for each “crooked” statement made against them by SparkTrading’s team leads.

For high-risk payment providers, the immediate takeaway is simple: this is the kind of operational and reputational dispute that can spill into processor, acquiring, and banking relationships fast, especially when a public accusation includes a named case number, criminal code references, and named participants in the project.