{"id":77378,"date":"2023-04-17T19:29:49","date_gmt":"2023-04-17T16:29:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77378"},"modified":"2025-09-10T22:56:52","modified_gmt":"2025-09-10T19:56:52","slug":"paxful-ceo-announces-unfreezing-of-88-of-accounts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paxful-ceo-announces-unfreezing-of-88-of-accounts\/","title":{"rendered":"Paxful CEO announces unfreezing of 88% of accounts"},"content":{"rendered":"<p>On 16 April, Paxful CEO Ray Youssef announced that 88% of user accounts on the P2P cryptocurrency trading platform had been unfrozen.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It is done! 88% of all frozen accounts have been UNfrozen. 10 days, 3 scripts and sleepless nights with no engineers or compliance folks but we did it! This is my final act as CEO of <a href=\"https:\/\/twitter.com\/paxful?ref_src=twsrc%5Etfw\">@paxful<\/a> Go login now and claim your funds! Self custody for the win ? post here if u got it! <a href=\"https:\/\/t.co\/o6nNDZcnqX\">pic.twitter.com\/o6nNDZcnqX<\/a><\/p>\n<p>\u2014 Ray Youssef (@raypaxful) <a href=\"https:\/\/twitter.com\/raypaxful\/status\/1647655971769008129?ref_src=twsrc%5Etfw\">April 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf your account is still blocked, I am very sorry, but I do not have the right to unfreeze these funds, and they are in the hands of U.S. regulators. I have no access to clients&#8217; funds,\u201d wrote Youssef.<\/p>\n<\/blockquote>\n<p>According to him, the remaining portion &#8216;is in the hands of a custodian&#8217;. This concerns 3% of the total customer assets.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Full transparency. This is how much remains of frozen funds. We today freed another 1m across 88% of accounts. 3% of total customer funds are still frozen. I am a human of integrity. I wouldn\u2019t ruin my name to steal 4m or 4trillion. These funds are in a hands of a custodian now. <a href=\"https:\/\/t.co\/vFEetlOoW0\">pic.twitter.com\/vFEetlOoW0<\/a><\/p>\n<p>\u2014 Ray Youssef (@raypaxful) <a href=\"https:\/\/twitter.com\/raypaxful\/status\/1647749194772361216?ref_src=twsrc%5Etfw\">April 16, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On April 4, it became known that the trading platform had been closed. At that time, the platform&#8217;s interface was operational, but trading and access to wallets were suspended.<\/p>\n<p>Later, journalists suggested that the reason for Paxful&#8217;s shutdown was a dead-end legal dispute between its co-founders \u2014 Artur Shabak and Ray Youssef.<\/p>\n<p>In 2021, the platform <a href=\"https:\/\/forklog.com\/en\/news\/paxful-launches-b2b-service-to-accept-bitcoin-payments\">launched a B2B service<\/a>, which allows merchants to accept Bitcoin payments in many ways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 16 April, Paxful CEO Ray Youssef announced that 88% of user accounts on the P2P cryptocurrency trading platform had been unfrozen.<\/p>\n","protected":false},"author":1,"featured_media":77379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1526],"class_list":["post-77378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-paxful"],"aioseo_notices":[],"amp_enabled":true,"views":"45","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77378"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77378\/revisions"}],"predecessor-version":[{"id":77380,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77378\/revisions\/77380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77379"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}