Peer-To-Peer Crypto Exchange Paxful to Pay $4 Million for Working with Criminals

Leaders of the disgraced exchange have either already been sentenced or face sentencing Peer-to-peer crypto marketplace Paxful has been ordered to pay a $4 million penalty after admitting it benefited from criminal activity on its platform. The US Justice Department said the company pleaded guilty in December to charges tied to promoting illegal prostitution, transmitting

Cryptocurrency exchange Paxful co-founder facing up to 5 years in jail

Cryptocurrency exchange Paxful co-founder facing up to 5 years in jail

Artur Schaback helped bring about the demise of the exchange and has admitted to his role Artur Schaback, co-founder and former chief technology officer of Paxful, could face up to five years in prison after admitting guilt on Monday to conspiring to neglect the implementation of an effective Anti-Money Laundering (AML) program at the cryptocurrency

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