Paxful is a peer-to-peer finance platform that allows anyone to transmit money and make payments by buying and selling cryptocurrencies. Paxful was founded in 2015 by Ray Youssef and Artur Schaback. It aims to provide everyone with equal access to financial, regardless of who or where they are.
Paxful announced it is suspending its marketplace on April 4, 2023. The Paxful Wallet will be up for customers to retrieve their funds.
Reports of scams emerge after Paxful's re-opening — raising concerns about the integrity of the platform in its current state.
The P2P crypto marketplace will restore market functionality in the coming days.
Ray Youssef has resigned and pledged to use his Paxful shares to create a Public Trust to make customers whole.
Paxful CEO Ray Youssef advised his followers to self-custody their assets and avoid any dealings with U.S.-based financial instituitions.
Co-founder and COO
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