Defunct P2P Crypto Platform Paxful Sentenced to $4M Penalty for Money Laundering, Travel Act Violations
Peer‑to‑peer cryptocurrency trading platform Paxful was sentenced to pay a $4 million criminal penalty after pleading guilty to conspiring in…
Tag: Paxful
U.S. DOJ hits Paxful for $4 million in case tied to illegal sex work, money laundering
Paxful Holdings, which pleaded guilty last year to accusations from U.S. authorities that it had fostered illegal prostitution, violated money-laundering…
Paxful Pleads Guilty as DOJ Imposes $4 Million Criminal Penalty
Paxful’s guilty plea and $4 million penalty underscore deep regulatory concerns as U.S. authorities move to spotlight illicit crypto activity…
Paxful Pleads Guilty to Aiding Crime, Ignoring AML Laws
Bitcoin marketplace Paxful pleaded guilty to a three-count criminal information on Tuesday, saying in court it helped criminals move funds…
Paxful to Wind Down Operations by November 1, 2025
Paxful announced it will cease all operations by November 1, 2025, citing the lasting impact of historic misconduct by former…