Paxfuls VD bekräftar att 88% av konton har låsts upp
- Paxfuls vd Ray Youssef avslöjade att 88% av de frysta medlen på P2P-marknaden har frysts upp, med över 3% av medel som återstår frysta.
- Youssef confirmed that the marketplace had around $4.4 million in frozen funds remaining on the platform, which are “in the hands of” US regulators.
- “I gave up my title as CEO to unfreeze these accounts and am also in danger of being in contempt of court,” wrote Youssef in a Twitter thread.
- Youssef kommer att avgå som VD för Paxful Bitcoin P2P-marknadsplatsen den 18 april och fortsätta med ett nytt projekt.
Den pågående kryptovintern påverkade många kryptoföretags verksamhet på grund av en enorm minskning av deras användarbas, följt av minskande handelsvolym på deras plattformar. Dessutom spelade det osäkra regulatoriska landskapet kring kryptovalutor också en roll i att tvinga många företag att stänga sin verksamhet. Intressant nog påverkades även peer-to-peer kryptomarknadsplatsen Paxful av vintern, och dess VD meddelade att 88% av de tidigare frusna kontona framgångsrikt har frysts upp.
I en Twitter-tråd, Paxfuls vd Ray Youssef bekräftade att peer-to-peer-marknaden hade cirka $4,4 miljoner i frysta medel kvar på plattformen, medan resten av medlen har frysts upp av personalen mer än en vecka efter att verksamheten avbröts.
“I gave up my title as CEO to unfreeze these accounts and am also in danger of being in contempt of court. That is what I did besides a lot of sleepless nights. Nothing more I can do but sleep well tonight. Integrity trumps risk,” Youssef said.
It is crucial to note that the executive confirmed that the unfreezing of these accounts was implemented “with no engineers or compliance folks,” adding that all remaining frozen funds were “in the hands of” United States financial regulators. Youssef also added in the Twitter thread that around 3% of the users’ funds remain unfrozen on the platform.
“If your account is still frozen then I am sorry but I have no power to unfreeze those funds and they are in the hands of the US regulators. I have no access and have never had access to customer funds. Avoid US companies and always self custody!” Youssef stated.
He stated that unfreezing the 88% of frozen funds was his “final act” as the CEO of Paxful, and after achieving this goal, Youssef will step down as the Chief Executive Officer of the peer-to-peer marketplace on April 18 and continue with a new project.
Youssef stated that crypto investors should not trust centralized exchanges and platforms with their money, nor the regulators in the US, but should always prefer self-custody of their funds. Furthermore, he apologized to those whose funds remain unfrozen due to compliance issues with regulators, adding, “I have done more than anyone else would even entertain, and I cannot do anymore by law.”
It is crucial to note that the “contempt of court” mentioned by Youssef in one of the Twitter posts as mentioned above is likely related to ongoing litigation between Youssef and Paxful co-founder Artur Schaback, who helped in laying the foundations for the Bitcoin peer-to-peer marketplace in 2015. Schaback claimed in a US court that the marketplace was involved in the misappropriation of funds, money laundering, and evasion of US sanctions, while Youssef said that these claims were “ridiculous.”
As reported earlier by Bitnation, Nigerian crypto users believe Paxful’s demise will gör det svårt för de flesta kryptoinvesterare att handla med digitala tillgångar i landet, eftersom Central Bank of Nigeria förbjöd kryptohandel och transaktioner 2021 för att stävja användningen av kryptovalutor för brott som penningtvätt, vapenköp och terrorismfinansiering.
En kryptojournalist med över 3 års erfarenhet av DeFi, NFT, metaverse etc. Parth har arbetat med stora medier inom krypto- och finansvärlden och har skaffat sig erfarenhet och expertis inom kryptokultur efter att ha överlevt björn- och tjurmarknader genom åren.
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