2 years ago
Peer-to-peer speech Paxful announced it is suspending its marketplace, according to a written connection by its CEO, Ray Youssef.
A screenshot of the connection was shared by crypto influencer @callebtc. The connection stated:
“Today, Paxful volition beryllium suspending its marketplace. We are not definite if it volition travel back.”
Youssef said helium couldn’t stock further details astir the reasons down the suspension decision. However, helium mentioned that determination had been immoderate captious unit resignations.
What happens to funds?
According to the note, the Paxful Wallet volition stay progressive to let customers to retrieve their funds, which are “all accounted for.” The connection advised users to self-custody aft withdrawing and suggested Exodus Wallet and Muun Wallet arsenic harmless options.
Youssef said the main precedence is to support the safeguarding of lawsuit funds. Paxos offered casual migration options to different peer-to-peer platforms for non-US users to guarantee they could retrieve their funds rapidly and safely.
The station Paxful suspends marketplace appeared archetypal connected CryptoSlate.
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