Litigation
Paxful shuts down, blames ex-co-founders Youssef and Schaback
The exchange asked users to withdraw their funds before November 1 when it will cease all operations
Oct 8, 2025
P2P bitcoin exchange Paxful's trajectory from suspension through leadership crisis, co-founder's guilty plea to AML charges and permanent shutdown — a cautionary tale for Africa's dominant P2P platform with 14 million users.
The exchange asked users to withdraw their funds before November 1 when it will cease all operations