Virtual currency platform Paxful Holdings Inc. was sentenced to pay $4 million after pleading guilty to enabling prostitution, money laundering, and fraud on its platform. Federal prosecutors said ...

The Co-Founder of Paxful Inc. has pleaded guilty to negligence surrounding conspiracy to willfully fail to maintain an effective anti-money laundering (AML) program. Court documents relating to the ...

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. (collectively doing business as, ...

Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years. Paxful co-founder and former tech chief ...