Tag: Paxful

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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 schemes that promoted illegal...

Bitcoin Exchange Paxful Faces $4 Million Fine For Conspiring To Promote Illegal Prostitution

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Paxful, once one of the largest peer‑to‑peer (P2P) Bitcoin marketplaces, has agreed...

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 laws and knowingly handled...