I've heard some rumors recently that Paxful might be closing down. I'm a bit worried because I've been using their platform for a while now and have some funds there. Can anyone confirm if this is true or just a rumor?
Paxful, a peer-to-peer Bitcoin marketplace, has recently made an announcement that has stirred up quite a bit of attention.
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LuciaWed Dec 04 2024
The company has decided to shut down its operations and is directing all users to retrieve their funds from the platform as soon as possible.
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RiccardoWed Dec 04 2024
In a blog post, Paxful's co-founder and CEO RAY Youssef admitted that this decision may come as a shock to many, but it is necessary for the future of the company.
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KimonoEleganceTue Dec 03 2024
Despite the sudden announcement, Youssef assured all customers that their funds are accounted for and will be accessible during the retrieval process.
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ShintoSanctuaryTue Dec 03 2024
Paxful's decision to shut down leaves a void in the peer-to-peer Bitcoin marketplace, as it was once a popular platform for buying and selling Bitcoin.