Crypto schemes and old-school scams: Why “crypto millionaire” Oleksandr Orlovskyi needs loss-making brokers and insurance companies

Oleksandr Orlovskyi presents himself as a successful crypto multimillionaire. His Financial Freedom Academy promises to teach how to make money on the crypto market, while Orlovskyi himself talks about millions, Dubai, expensive cars, and successful cryptocurrency trading.

This is the public facade. But there is another side to Oleksandr Orlovskyi that he prefers to keep quiet about. If you strip away the advertising gloss and look not at social media but at the Ukrainian company register, a rather unexpected detail emerges.

Orlovskyi is a co-owner of several companies that have very little to do with cryptocurrency: the insurance intermediary “Starlife No. 2”, the brokerage firm “Tavriiski Tsinni Papery”, and the depository-brokerage company “Invintum”.

This raises a simple question: why would someone positioning himself as a successful crypto multimillionaire need stakes in old Ukrainian insurance and securities market structures? Especially ones that are far from the most successful: the net income of these companies, on the scale Orlovskyi claims, amounts to mere pennies.

For example, “Invintum” recorded only 311,000 hryvnias in net profit in 2025 — just over seven thousand dollars. Orlovskyi’s stake in the company is 8.1%. LLC “Tavriiski Tsinni Papery” earned only three thousand hryvnias. Orlovskyi’s stake is 5%. How much he earned — you can calculate yourself; a calculator cannot handle such tiny figures. 

Of course, this is a joke. But seriously, it paints a rather strange picture: publicly, Oleksandr Orlovskyi is a crypto millionaire with all the trappings — Dubai, business jets, supercars, yachts, and other “luxury living” — while inside Ukrainian business, Orlovskyi is a co-owner of small stakes in nearly unprofitable insurance and securities firms.

Yet the deeper one looks into the history of these companies, the more questions arise not about their profits but about the role they might play in Oleksandr Orlovskyi’s overall business structure.

FFA: Orlovskyi’s main business

Financial Freedom Academy is Orlovskyi’s main public project: FFA sells cryptocurrency training, closed communities, trading programs, and investment products. The website currently claims tens of thousands of students and large trading volumes by participants. The Financial Freedom Academy site looks very solid, reporting tens of thousands of successful cases, hundreds of thousands of satisfied students, and billions of dollars earned by them.

At the same time, official reporting sharply contradicts the website: one employee, 2,800 hryvnias in assets, and exactly the same amount of profit. One of two things: either the Financial Freedom Academy website is complete nonsense (sorry), or the reporting of LLC “FFA Academy” is complete nonsense (sorry again).

Against this backdrop, it should be remembered that in 2024 the National Securities and Stock Market Commission of Ukraine included FFA-related projects FFA Crypto, FFA Crypto RISE, and FFA Crypto CAPITALIST in the list of dubious investment projects. At the same time, media reports mention court disputes, payment for educational products through third-party sole proprietors, and criminal proceeding No. 120232110400002635, in which Orlovskyi is mentioned in connection with an investment fraud complaint.

But now another layer is added to this picture: why would a young crypto businessman start acquiring stakes in companies operating in an entirely different financial market that has nothing to do with cryptocurrencies?

“STARLIFE No. 2”: insurance business for a thousand hryvnias

The first oddity is LLC “Starlife No. 2” (code 40281843). The company was registered in Chernivtsi in February 2016. Its main KVED is the activity of insurance agents and brokers. The authorized capital currently stands at 74,000 hryvnias.

Oleksandr Orlovskyi is indeed among the participants. There are 74 participants in total. All of them, including Oleksandr Orlovskyi, hold stakes of 1.35% each. This in itself is interesting. We are not looking at a company that Orlovskyi acquired for control. It is a mass structure with a large number of small participants.

At the same time, the company is linked to a separate legal entity — “Starlife No. 1”, which is 100% owned by “Starlife No. 2”. Thus, formally, Orlovskyi receives a small stake in a structure that itself owns another company.

If one digs into the past of “Starlife”, a rather unpleasant background emerges. In 2016–2017, LLC “Starlife No. 2” was involved in a criminal proceeding concerning a scheme with dozens of sole proprietors through which the insurance company recorded expenses to reduce taxable profit. The investigation also examined versions of funds being transferred to related parties and subsequent cashing out.

Thus, “Starlife No. 2” is not just a small insurance company with penny profits. It is part of a structure around which tax, criminal-procedural, and corporate conflicts have already existed.

This is where the question to Orlovskyi arises: what prompted him to enter this structure? According to the registers, the stake was acquired on May 12, 2023. Why then? Why a stake worth pennies in an obviously shady outfit?

“Tavriiski Tsinni Papery”: securities market, Crimea, and the HACC

The second company is far more interesting. LLC “Tavriiski Tsinni Papery” (code 32695089) operates in the securities market. The company was registered back in 2003, and the NSSMC issued it a license for depository activities.

Oleksandr Orlovskyi acquired his 5% stake in May 2026. Among the owners are also Serhiy Holubytskyi, Oleksiy Amfiteatrov, and others; the ultimate beneficiary in the open aggregated register is listed as Amfiteatrov. 

A year earlier, in January 2025, the High Anti-Corruption Court secured the Ministry of Justice’s claim for the confiscation of assets of the Russian “Maritime Register of Shipping”. The court prohibited transactions with the relevant securities, and the depository institutions directly named in the decision were “Tavriiski Tsinni Papery” and “PRDT Securities Center”.

In other words, the company in which Orlovskyi acquired a stake found itself inside an extremely sensitive infrastructure for the Ukrainian state — operations with assets of a Russian state enterprise. Moreover, at the time of acquiring the stake, Orlovskyi was aware of this fact. This is no longer about cryptocurrency rates but about a professional participant in the Ukrainian capital market working with large blocks of shares and assets that fall under sanctions and confiscation processes. What was Orlovskyi’s interest when he bought into this company?

“INVINTUM”: the most interesting asset

But “Invintum” is probably the most important company in this portfolio. The company engages in brokerage and depository activities. And, unlike “Starlife No. 2”, real financial indicators can be seen here.

In 2025: revenue — 9.468 million UAH; net profit — 311 thousand UAH; assets — 14.589 million UAH; 10 employees. In 2024, revenue was significantly higher — 15.873 million UAH, and profit amounted to 2.068 million UAH. So the business does exist and operate, although it is not a gold mine. Moreover, in 2025 the main revenue came from depository services — 9.443 million UAH. Brokerage income was only 25 thousand UAH compared to 13.635 million UAH the previous year.

But there are interesting nuances here as well. The company was founded by Olha Kanevska; at the time of its establishment in 2013, it had an authorized capital of 707 hryvnias. However, in 2024 Kanevska left the list of founders and beneficiaries, the authorized capital was increased to 7,770,000, and among the beneficiaries appeared one Orlovska Oksana, who also became the head of the firm. In this capacity, Oksana Orlovska remained only until January 2025, when she was replaced by Oleksandr Orlovskyi.

And here a very interesting detail emerges. Orlovskyi received his stake in “Invintum” on January 30, 2025, under a gift agreement. Initially, it was about a 9.97% stake. After the capital change, it increased to 10.04%, and then on June 27, 2025, Orlovskyi sold part of the stake to Serhiy Holubytskyi.

As a result, by the end of 2025 Orlovskyi was left with 9.002%, and in April 2026 — already 8.1%. Corporate operations took place with the stake, but their purpose remains unclear.

The history of “Invintum” has another very specific shadow: for many years the company participated in court disputes around shares of “Prominvestbank” that belonged to the Russian state-owned VEB.RF.

Materials from the Supreme Court indicate that more than 5 billion shares of “Prominvestbank”, or about 99.77% of its capital, were recorded on VEB.RF’s account in the “Invintum” depository system. These securities were blocked by court decisions.

VEB.RF later sued “Invintum”, demanding the removal of the restrictions. It should be emphasized once again: “Invintum” in these cases acted as a depository organization, not as an owner of Russian assets or as a defendant in their illegal withdrawal. But the very fact that today Orlovskyi is a co-owner of this depository adds another question to his corporate portfolio.

And why does Orlovskyi need all this?

If one looks only at profit, acquiring such stakes indeed looks strange.

For example, 8.1% of “Invintum” with the company’s profit of 311 thousand UAH in 2025 is an economically negligible source of income. Even if all profit were distributed among participants, Orlovskyi’s stake would bring him about 25 thousand UAH per year.

For someone who publicly claims monthly incomes in tens of thousands of dollars, this is practically nothing. Therefore, the version that “Orlovskyi bought these companies to earn dividends” looks extremely weak.

One can endlessly speculate why Oleksandr Orlovskyi needs stakes in these companies. But there is one detail: Serhiy Holubytskyi is the largest owner of “Invintum” — about 47.9%, and he also appears among the participants in “Tavriiski Tsinni Papery”. And here Orlovskyi appears as well.

There is another oddity in all this: Orlovskyi’s age. Orlovskyi is 28 years old. At the same time, he becomes a co-owner of companies whose histories go back decades: “Tavriiski Tsinni Papery” has existed since 2003; “Invintum” — since 2013; “Starlife No. 2” — since 2016. These are businesses created long before Orlovskyi became a public crypto entrepreneur.

Therefore, the question is no longer only about how much his stakes are worth. The question is who offered him these stakes and why. Because in the end, Oleksandr Orlovskyi has become embedded in a sector that deals with insurance, brokerage services, depository accounting, and securities.

And here the most important question arises: why does crypto guru Oleksandr Orlovskyi need access to Ukraine’s old financial infrastructure if these companies bring virtually no money? Or, conversely: why do the owners of these companies need crypto millionaire Oleksandr Orlovskyi, whose millions are also in doubt?