Billion-dollar iGaming scheme: How former Favbet executive Maryna Levkovych found herself at the center of a criminal case in Kazakhstan

Extradition proceedings initiated against Favbet CEO Maryna Levkovych following a Kazakh court ruling.

More than $1 billion may have been siphoned out of Kazakhstan through infrastructure linked to Pin-Up and Pinco (Redcore). The case reportedly involves payment services Gold Pay and Cyber Pay, cryptocurrency transactions, and offshore entities. The entire story in Kazakhstan effectively began with the investigation surrounding Pin-Up, but its consequences gradually spread to other major players in the gambling market.

Maryna Levkovych (born in 1985) is identified in the case materials as one of the key figures within this infrastructure. At various times, she held senior management positions at Favbet, including serving as CEO. At the same time, publicly available registries do not list her as a beneficial owner or founder of any major gambling brands.

She is accused of participating in a scheme under Part 2 of Article 28 and Part 3 of Article 307 of the Criminal Code of Kazakhstan (organizing illegal gambling activities as part of a group of persons and obtaining income on an especially large scale).