2 years ago
The erstwhile CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that helium is nary longer successful power and truthful cannot vouch for “anything that is happening determination now.” Youssef besides told a idiosyncratic who claimed to person been scammed connected the level that helium excessively has been banned from the platform.
Former CEO Tells Users to ‘Trust No One’
The erstwhile CEO of Paxful, Ray Youssef, has again reminded users of the peer-to-peer level connected May 9 that helium near the institution weeks agone and arsenic specified helium cannot “vouch successful immoderate mode for thing that is happening determination now.” While helium urged users to “trust nary ones,” Youssef nevertheless said helium volition soon supply an update astir a spot “set up to marque immoderate frozen funds whole.”
I americium nary longer the CEO of Paxful and person nary power implicit thing happening there. They banned maine too. Good luck and spot nary ones. #selfcustody https://t.co/c8Hh9mFXdk pic.twitter.com/IPOVnsp14x
— Ray Youssef (@raypaxful) May 11, 2023
The remarks by Youssef, who has repeatedly tweeted astir his falling retired with his co-founder astatine Paxful, travel reports suggesting that the P2P (peer-to-peer) marketplace was backmost up conscionable a fewer weeks aft it was unopen down.
Paxful Says It Is Taking Steps to Solve Functionality Issues
As reported by Bitcoin.com News successful aboriginal April, Paxful was forced to unopen down by factors including the departure of cardinal unit and regulatory challenges. Some reports besides suggested that Youssef’s falling retired with chap Paxful co-founder Artur Schaback had besides contributed to the marketplace’s abrupt shutdown.
It's been a bully week. Let's support building. 💪 pic.twitter.com/Xie4XTQpYv
— Paxful (@paxful) May 11, 2023
However, a tweet shared by Paxful’s authoritative grip connected May 10 thanked users for their patience erstwhile the marketplace was down. The tweet besides suggested that steps were taken to lick functionality issues.
“Thank you to the assemblage for your patience, arsenic we proceed to gradually reconstruct functionality to the marketplace. We are alert that immoderate users’ accounts are mistakenly banned and our squad is moving to hole the issue,” Paxful said successful a tweet.
Meanwhile, successful different tweet, Youssef told a idiosyncratic who claimed to person been scammed connected the level that helium nary longer had immoderate power and helium excessively was banned. The erstwhile CEO besides reiterated the aforesaid messages to different users that likewise asked astir their blocked funds. When asked astir what yet caused him to permission Paxful, Youssef said: “It is simply a chaotic communicative bro. We request a [Twitter] spaces.”
What are your thoughts connected this story? Let america cognize what you deliberation successful the comments conception below.
Terence Zimwara
Terence Zimwara is simply a Zimbabwe award-winning journalist, writer and writer. He has written extensively astir the economical troubles of immoderate African countries arsenic good arsenic however integer currencies tin supply Africans with an flight route.
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