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
Paxful's unraveling
6 storiesArchived
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.
Ecosystem
Peer-to-peer exchange Paxful welcomes new interim CEO
The exchange resumed operations some weeks ago after it shut down due to internal issues.
Jun 6, 2023
Mariblock Weekly
🟠 Paxful reopens its P2P marketplace but questions remain
Plus: Is Africa seeing the right type of crypto adoption?
May 14, 2023
Ecosystem
P2P bitcoin platform Paxful resumes operations after month-long hiatus
The platform initially suspended its marketplace due to concerns over regulations and internal instabilities.
May 11, 2023
Mariblock Weekly
Mariblock Weekly: Shutdowns, partnerships and controversies
The African blockchain industry is going through a shakeout, much like the rest of the industry worldwide. Still, there are promising signs of progress.
Apr 17, 2023
Litigation
Peer-to-peer bitcoin exchange Paxful suspends operations amid cofounder legal troubles
CEO Ray Youssef announced the news via a website statement, noting he is unsure whether operations will resume.
Apr 5, 2023