{"id":20898,"date":"2023-05-13T11:10:02","date_gmt":"2023-05-13T11:10:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-paxful-ceo-says-he-cannot-vouch-for-anything-happening-there-now-platform-tells-users-it-is-back-online-featured-bitcoin-news\/"},"modified":"2023-05-13T11:10:02","modified_gmt":"2023-05-13T11:10:02","slug":"former-paxful-ceo-says-he-cannot-vouch-for-anything-happening-there-now-platform-tells-users-it-is-back-online-featured-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-paxful-ceo-says-he-cannot-vouch-for-anything-happening-there-now-platform-tells-users-it-is-back-online-featured-bitcoin-news\/","title":{"rendered":"Former Paxful CEO Says He Cannot ‘Vouch for Anything Happening There Now’ \u2014 Platform Tells Users It Is Back Online \u2013 Featured Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for \u201canything that is happening there now.\u201d Youssef also told a user who claimed to have been scammed on the platform that he too has been banned from the platform. <\/strong><\/p>\n

Former CEO Tells Users to \u2018Trust No One\u2019<\/h2>\n

The former CEO of Paxful, Ray Youssef, has again reminded users of the peer-to-peer platform on May 9 that he left the company weeks ago and as such he cannot \u201cvouch in any way for anything that is happening there now.\u201d While he urged users to \u201ctrust no ones,\u201d Youssef however said he will soon provide an update about a trust \u201cset up to make any frozen funds whole.\u201d<\/p>\n

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I am no longer the CEO of Paxful and have no control over anything happening there. They banned me too. Good luck and trust no ones. #selfcustody<\/a> https:\/\/t.co\/c8Hh9mFXdk<\/a> pic.twitter.com\/IPOVnsp14x<\/a><\/p>\n

\u2014 Ray Youssef (@raypaxful) May 11, 2023<\/a><\/p>\n<\/blockquote>\n

The remarks by Youssef, who has repeatedly tweeted about his falling out with his co-founder at Paxful, follow reports suggesting that the P2P (peer-to-peer) marketplace was back up just a few weeks after it was shut down.<\/p>\n

Paxful Says It Is Taking Steps to Solve Functionality Issues<\/h2>\n

As reported<\/a> by Bitcoin.com News in early April, Paxful was forced to shut down by factors including the departure of key staff and regulatory challenges. Some reports also suggested that Youssef\u2019s falling out with fellow Paxful co-founder Artur Schaback had also contributed to the marketplace\u2019s abrupt shutdown.<\/p>\n

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It’s been a good week. Let’s keep building. \ud83d\udcaa pic.twitter.com\/Xie4XTQpYv<\/a><\/p>\n

\u2014 Paxful (@paxful) May 11, 2023<\/a><\/p>\n<\/blockquote>\n

However, a tweet shared by Paxful\u2019s official handle on May 10 thanked users for their patience when the marketplace was down. The tweet also suggested that steps were taken to solve functionality issues.<\/p>\n

\u201cThank you to the community for your patience, as we continue to gradually restore functionality to the marketplace. We are aware that some users\u2019 accounts are mistakenly banned and our team is working to fix the issue,\u201d Paxful said in a tweet<\/a>.<\/p>\n

Meanwhile, in another tweet, Youssef told a user who claimed to have been scammed on the platform that he no longer had any control and he too was banned. The former CEO also reiterated the same messages to other users that similarly asked about their blocked funds. When asked about what finally caused him to leave Paxful, Youssef said: \u201cIt is a wild story bro. We need a [Twitter] spaces.\u201d<\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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