Wednesday, October 22, 2025
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Paxful closing, CEO blames staff departures, regulatory challenges

Peer-to-peer cryptocurrency marketplace Paxful announced on April 4 that it was suspending operations. Paxful founder and CEO Ray Youssef said in a blog that “key staff departures” and the regulation environment were behind the decision.“We are not sure if it [the marketplace] will come back,” Youssef wrote. He added that

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Secret Blockchain Suffers Departures as Foundation Founder Tor Bair’s $2M-Plus Dividend Sparks Outcry

“Instead of paying out my vested tokens in December 2021, I converted my vested portion of tokens to USD at the OTC price and Secret Foundation distributed these funds as a dividend,” Bair wrote. OTC stands for over-the-counter, referring to the off-exchange market price. “The amount of tokens vested was

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