Post
Topic
Board Exchanges
Re: Where to purchase bitcoin to avoid being a victim of fraud
by
Z-tight
on 01/09/2023, 14:02:02 UTC
They came back! Paxful founders had some ugly drama -- lawsuit was involved, users funds were frozen
Thank you for the update, i had read the topic of Paxful shutting down, but i don't think i saw any thread about their reopening on the forum, except i missed it. I've done my research now and i see they are back again [1]

The exchange seems to be shrouded with drama. One of the co-founders Artur Schaback filed a lawsuit against the other co-founder, Ray Youssef who was the ceo at that time, and that was why they shut down. From what i also read Ray Youssef resigned from his position at that time, and suddenly the exchange is now back in operation without addressing any of the issues that made them close in the first place; i don't think anyone should trust this exchange.

[1] https://www.google.com/amp/s/decrypt.co/139419/p2p-bitcoin-marketplace-paxful-reopens-after-abrupt-closure?amp=1