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Paxful wind-down

Paxful shutdown 2025: Wind-down amid strategic rethink

Paxful shutdown 2025 marks a pivotal moment as the platform confirms it will cease all operations by November 1, 2025, citing the lasting impact of historic misconduct by former co-founders Ray Youssef and Artur Schaback, and underscoring a commitment to responsible transformation.The decision, framed as a strategic move toward long-term sustainability, follows a two-year transformation that included compliance overhauls, balance sheet restructuring, governance reforms, and leadership renewal—an effort aimed at reestablishing resilience for customers and regulators alike.

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