Former Paxful CEO Says He Can’t ‘Vouch for Something Taking place There Now’ — Platform Tells Customers It Is Again On-line

The previous CEO of Paxful, Ray Youssef, has instructed customers of the peer-to-peer bitcoin market that he’s not in management and subsequently can’t vouch for “something that’s taking place there now.” Youssef additionally instructed a person who claimed to have been scammed on the platform that he too has been banned from the platform.

Former CEO Tells Customers to ‘Belief No One’

The previous CEO of Paxful, Ray Youssef, has once more reminded customers of the peer-to-peer platform on Might 9 that he left the corporate weeks in the past and as such he can’t “vouch in any manner for something that’s taking place there now.” Whereas he urged customers to “belief no ones,” Youssef nevertheless stated he’ll quickly present an replace a couple of belief “set as much as make any frozen funds entire.”

I’m not the CEO of Paxful and don’t have any management over something taking place there. They banned me too. Good luck and belief no ones. #selfcustody https://t.co/c8Hh9mFXdk pic.twitter.com/IPOVnsp14x

— Ray Youssef (@raypaxful) May 11, 2023

The remarks by Youssef, who has repeatedly tweeted about his falling out together with his co-founder at Paxful, observe reviews suggesting that the P2P (peer-to-peer) market was again up only a few weeks after it was shut down.

Paxful Says It Is Taking Steps to Remedy Performance Points

As reported by Bitcoin.com Information in early April, Paxful was compelled to close down by components together with the departure of key employees and regulatory challenges. Some reviews additionally steered that Youssef’s falling out with fellow Paxful co-founder Artur Schaback had additionally contributed to {the marketplace}’s abrupt shutdown.

It has been an excellent week. Let’s maintain constructing. pic.twitter.com/Xie4XTQpYv

— Paxful (@paxful) May 11, 2023

Nonetheless, a tweet shared by Paxful’s official deal with on Might 10 thanked customers for his or her persistence when {the marketplace} was down. The tweet additionally steered that steps had been taken to unravel performance points.

“Thanks to the group in your persistence, as we proceed to step by step restore performance to {the marketplace}. We’re conscious that some customers’ accounts are mistakenly banned and our crew is working to repair the difficulty,” Paxful stated in a tweet.

In the meantime, in one other tweet, Youssef instructed a person who claimed to have been scammed on the platform that he not had any management and he too was banned. The previous CEO additionally reiterated the identical messages to different customers that equally requested about their blocked funds. When requested about what lastly prompted him to go away Paxful, Youssef stated: “It’s a wild story bro. We’d like a [Twitter] areas.”

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