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CoinOtag 2024-07-11 17:41:30

Paxful Co-Founder Pleads Guilty Over KYC Failures, Faces Up to 5 Years in Prison

The co-founder of Paxful, a notable peer-to-peer cryptocurrency marketplace, has admitted guilt to charges arising from inadequate know-your-customer (KYC) protocols on the platform. During a four-year period, Paxful was marketed as a KYC-free platform, leading to its misuse for unlawful activities. Artur Schaback, the co-founder, faces serious penalties after failing to implement necessary anti-money laundering

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