A Shift at the Top of a Controversial Enterprise
For some time, we’ve described VELTYCO as a kind of “Evil Empire” (to borrow Ronald Reagan’s phrasing) within the realms of cryptocurrency, online gaming, and sports betting. This description stems from our ongoing investigations and the steady stream of information we receive from whistleblowers and insiders. Numerous concerns have been raised regarding suspicious business activities and financial maneuvers linked to the group.
One of the most troubling examples was the ESPORTS.COM project, which led to a failed ICO and a collapsed business structure (see our earlier report). The man widely seen as the strategic architect behind VELTYCO is Uwe LENHOFF, a seasoned figure in the gambling and betting sectors.
Major Resignations: Real Change or Just Optics?
In a press release dated March 26, 2018, VELTYCO announced that Uwe LENHOFF has stepped down from his role as Chief Operating Officer, effective immediately. Alongside him, another high-ranking executive, reportedly a close associate of LENHOFF, also resigned without delay.
Whether this development is the result of external pressure or simply coincidental remains unknown. However, it is notable that these resignations follow increased scrutiny and criticism of the company’s operations.
Strategic Rebranding or Surface-Level Reshuffle?
There’s a reasonable suspicion that this leadership change may serve more as a strategic distraction than a genuine overhaul. In other words, LENHOFF might be stepping aside publicly while remaining involved behind the scenes, similar to what recently occurred at ESPORTS.COM, where founding figures were removed to calm tensions, though they retained influence in practice.
Notably, LENHOFF and the other resigning officer are expected to continue working with VELTYCO in some capacity. This raises concerns that the board changes are largely superficial, intended to buy time amid regulatory uncertainty and reputational damage.
That said, one positive development is that the latest press release includes disclosures of the board members’ affiliations with other companies—a move toward transparency that had previously been missing.
Ongoing Monitoring and Further Reporting Ahead
We will continue our investigation into VELTYCO and its restructuring efforts. The events suggest a possible internal shift—whether genuine or calculated—designed to mitigate fallout from growing scrutiny.
More updates will follow shortly as additional information becomes available. Stay informed.