Tags: Paxful

Former Paxful CEO Ray Youssef Named CEO of Noones, a Financial Communication App – Here’s What You Need To Know

A new project aims to build a peer-to-peer marketplace to facilitate censorship-resistant, permissionless trading among Bitcoin users.

Amid the suspended service, Ray Youssef said he had made his "final act" as CEO after helping unfreeze 88 of certain users’ accounts.

Paxful co-founders Artur Schaback (left) and Ray Youssef. (Paxful)

“I gave up my title as CEO to unfreeze these accounts and am also in danger of being in contempt of court,” said Ray Youssef.

Two major P2P platforms announced their closure in the first quarter of 2023. Many blame it on growing regulatory scrutiny, but experts call for better alternatives.

Paxful CEO Ray Youssef (left) and COO Artur Schaback, in a September 2016 photo taken in Las Vegas, according to a tweet from the company. (Paxful)

A bitter dispute between Paxful‘s co-founders in Delaware courts may have led to the crypto marketplace‘s sudden closure.

Crypto Ecosystem Loses Another P2P Marketplace As Paxful Shuts Down – End of an Era?

Ether‘s 24-hour price chart

Paxful’s shutdown has left its global community heartbroken, but it has significantly impacted the Nigerian community, where it pioneered P2P crypto use.

Paxful shuts down. (Sean Gladwell/Getty Images)

Paxful CEO Ray Youssef said U.S. regulators “don’t get it,” but infighting in the C-suite may have played a role in the company’s closure as well.

Ray Youssef, CEO and co-founder of Paxful (Christie Harkin/CoinDesk)

Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network‘s bankruptcy.