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Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ — Platform Tells Users It Is Back Online – Featured Bitcoin News

May 13, 2023
in Bitcoin
Reading Time: 4 mins read
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The previous CEO of Paxful, Ray Youssef, has advised customers of the peer-to-peer bitcoin market that he’s not in management and due to this fact can not vouch for “something that’s occurring there now.” Youssef additionally advised a consumer who claimed to have been scammed on the platform that he too has been banned from the platform.

Former CEO Tells Customers to ‘Belief No One’

The previous CEO of Paxful, Ray Youssef, has once more reminded customers of the peer-to-peer platform on Might 9 that he left the corporate weeks in the past and as such he can not “vouch in any means for something that’s occurring there now.” Whereas he urged customers to “belief no ones,” Youssef nevertheless stated he’ll quickly present an replace a few belief “set as much as make any frozen funds entire.”

I’m not the CEO of Paxful and haven’t any management over something occurring there. They banned me too. Good luck and belief no ones. #selfcustody https://t.co/c8Hh9mFXdk pic.twitter.com/IPOVnsp14x

— Ray Youssef (@raypaxful) Might 11, 2023

The remarks by Youssef, who has repeatedly tweeted about his falling out together with his co-founder at Paxful, comply with studies suggesting that the P2P (peer-to-peer) market was again up just some weeks after it was shut down.

Paxful Says It Is Taking Steps to Clear up Performance Points

As reported by Bitcoin.com Information in early April, Paxful was pressured to close down by components together with the departure of key employees and regulatory challenges. Some studies additionally advised that Youssef’s falling out with fellow Paxful co-founder Artur Schaback had additionally contributed to {the marketplace}’s abrupt shutdown.

It has been an excellent week. Let’s maintain constructing. 💪 pic.twitter.com/Xie4XTQpYv

— Paxful (@paxful) Might 11, 2023

Nevertheless, a tweet shared by Paxful’s official deal with on Might 10 thanked customers for his or her endurance when {the marketplace} was down. The tweet additionally advised that steps have been taken to resolve performance points.

“Thanks to the neighborhood to your endurance, as we proceed to regularly restore performance to {the marketplace}. We’re conscious that some customers’ accounts are mistakenly banned and our group is working to repair the problem,” Paxful stated in a tweet.

In the meantime, in one other tweet, Youssef advised a consumer who claimed to have been scammed on the platform that he not had any management and he too was banned. The previous CEO additionally reiterated the identical messages to different customers that equally requested about their blocked funds. When requested about what lastly precipitated him to depart Paxful, Youssef stated: “It’s a wild story bro. We want a [Twitter] areas.”

What are your ideas on this story? Tell us what you suppose within the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.



Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, straight or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

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