Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/news/ex-paxful-ceo-warns-users-to-stop-trading-are-their-funds-at-risk/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Ex Paxful CEO Warns Users to 'Stop Trading', Are Their Funds At Risk?
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ex Paxful CEO Warns Users to ‘Stop Trading’, Are Their Funds At Risk?

judolbet88
judolbet88
1 year ago
3 mins read
paxful

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Paxful, founded in 2015, has established itself as one of the world’s prominent peer-to-peer Bitcoin marketplaces, with a strong mission to enable financial access for individuals globally. Boasting an extensive user base of 9 million and offering over 350 payment options, the platform has garnered substantial popularity.

However, on July 7, Ray Youssef, the former CEO of Paxful, conveyed a message to the platform’s users, urging them to cease trading activities.

Financial Instability And Comparisons To FTX Collapse

Youssef expressed concerns about the current state of Paxful, claiming that the company is now solely focused on paying legal bills and cautioned that no African or non-American should trust any IS corporation. These warnings from Youssef were prompted by reports that Paxful had removed the reserve funds amount from the platform’s status page.

Related Reading: Paxful CEO Says He Has ‘Lost’ 5 Bank Accounts

Reserve funds are often savings accounts or highly liquid assets placed aside to cover unforeseen financial responsibilities, and Youssef believes that Paxful’s lack of reserves puts the company at risk of financial instability. Without these funds, Paxful may struggle to manage cash flow fluctuations, fulfill immediate financial obligations, or respond effectively to emergencies. Consequently, this situation has the potential to jeopardize Paxful’s survival.

Youssef also concurred with a Twitter user who compared Paxful and the collapse of FTX. The user highlighted that FTX, despite being one of the world’s largest cryptocurrency exchanges at the time, had filed for bankruptcy. This collapse was triggered by Changpeng Zhao, the CEO of Binance, announcing that his exchange would be dumping its FTT Token holdings, amounting to around $2 billion. The bank run that followed this announcement opened up a web of lies and mismanagement that led to the eventual collapse of the exchange.

The announcement caused a sharp decline in the price of FTT and generated concern among investors. As a result, traders hurriedly withdrew their funds from FTX, leading the company to confront a substantial $8 billion shortfall.

To prevent a similar case like FTX bankruptcy, Youssef advised Paxful users to withdraw their funds until further investigation is conducted to uncover the truth behind the situation.

By taking control of their own cryptocurrency assets, users can mitigate potential risks and ensure the security of their investments

Related Reading: FTX Puts Sale Of $500 Million Stake In AI Firm Anthropic On Hold

Youssef’s Concerns And Allegations Post-Departure From Paxful

Trading on various P2P marketplaces, including Paxful, was temporarily suspended in early April due to regulatory reasons. When Paxful announced the resumption of services, Ray Youssef, who had already left the organization, expressed his uncertainty regarding the current state of affairs and emphasized his inability to vouch for anything happening within Paxful.

Paxful
Crypto total market cap at $1.152T | Source: TradingView

Since he departed from the exchange, Youssef has been actively promoting Civkit, the platform he founded. While many of his followers have praised his efforts, accusations have labeled him an attention seeker. Additionally, some individuals have accused him of leveraging his influence to undermine competitors and rivals in the industry.

Featured image from Shutterstock, charts from TradingView.com
Tweet123Share196ShareSend
judolbet88
judolbet88

judolbet88

Slot Gacor 88
Slot Bet Kecil
Slot Gacor 88
Situs Slot Gacor Terpercaya
Situs Slot Gacor 88
MATAUANGSLOT
Slot88
Slot Gacor
Slot88
slot bet 200
slot bet kecil
MATAUANG SLOT
Slot Gacor Bet 200
MATAUANG
Slot Bet Kecil 200
TOTO SLOT 200
TOTO SLOT 200
Link Slot Gacor Bet 200
Situs Toto Slot Bet 200
MATAUANGSLOT
slot 4d gacor
Slot Bet 200
Slot Gacor Bet Kecil
Situs Toto Slot
SCATTER HITAM BET 200
SLOT GACOR MAHJONG WAYS
Daftar Matauang
Slot Gacor Toto 4D
HONGKONG LIVE NIGHT
Toto Slot 4d
Togel Viral Toto Macau 5d
SLOT GACOR 88
SLOT MAHJONG SCATTER HITAM
SITUS SLOT PG MAHJONG
LINK SLOT GACOR MAHJONG THAILAND
Slot Online Gacor Terbaru
Slot Gacor Pagi Ini
Slot Olympus Paling Gacor
Slot Online Mahjong Gacor
Slot Online Gacor Terbaru
Link Maxwin Slot Gacor Scatter Hitam
Slot Bet 200 Paling Gacor 2024
Slot Gacor Bet Murah 100 200
Mahjong Slot PG
Situs Toto Online
SLOT GACOR
NANA4D
SITUS TOTO
LOGIN SLOT THAILAND
Situs Toto
Slot Gacor Server Luar
Apk Rtp Live Slot Demo Gratis
Slot Gacor Bet 100
Macau 4d
Toto Macau 4D
Togel Online Nono4d
Situs Toto Macau Bet 100
Situs Toto Togel 4d
Situs Macau Resmi
Situs Toto
Situs Toto Togel Macau
Toto 4DSitus Toto 4d
Toto Macau 4d
TOTO MACAU 4D
Situs Slot Online Gacor
Toto Macau Terbesar
Situs Slot Casino Online
Link Bandar Togel Terpercaya
Situs Toto
Slot Online Bet Kecil
TOGEL TOTO
Slot Gacor Bet Kecil
Situs Toto 4D
Login Situs Toto 4D
Bandar Togel Macau
link slot gacor
Situs Slot Server Thailand
Situs Toto Terbaru
Mahjong Hitam
ROKOKBET
Situs Toto Togel Bet 100
Situs Toto Macau
Bandar Slot Pulsa Termurah
Situs Slot TO Kecil
Toto Slot Server Thailand
Toto Slot Server Thailand
Situs Toto 4d
Situs Toto
Situs Togel Macau 4D
Togel Viral
Slot Gacor 88
SLOT GACOR 88
Slot 4D Bet Kecil
Situs Togel Macau 4D
Togel Viral
Link Situs Toto Terbaru
SITUS TOTO RESMI
SLOT BET KECIL
SITUS TOTO SLOT
SLOT BET 200
SLOT ONLINE BET MURAH
SLOT PULSA GACOR
DAFTAR SITUS TOTO
SCATTER HITAM
SCATTER HITAM
NONO4D PULSA TANPA POTONGAN
Situs Slot Terpercaya
Bet4D
Mega4D
Deposit Pulsa Tanpa Potongan
Slot Bet 200 Termurah
Slot Pulsa
Slot Online Uang Asli
Scatter Hitam
Bandar Darat Togel Viral
Matauang
https://teachingenglish.ila.edu.vn/
Slot88 Bet 200
Slot Gacor 777
Bandar Darat Togel Viral
Togel Viral Toto Macau
Slot Gacor 88
Slot Gacor 88
Situs Slot Gacor Terpercaya
Situs Slot Gacor 88
Slot Gacor 777
Slot Gacor 777
Slot Gacor 777
Mix Parlay
Slot 777
Slot 88
Situs Slot Online Terpercaya
Slot 777 Gacor
Slot Thailand Bet Kecil
Slot88
Slot88
Slot88
Slot88
Slot88
Situs Toto HK

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin, Crypto, BTC

Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead?

Amid the market’s momentary pause, Bitcoin (BTC) has seen a 2% price drop in the past 24 hours. The largest...

Rubmar Garcia 1 week ago
Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend

Ethereum (ETH), the world’s second-largest cryptocurrency, has experienced considerable price fluctuations recently, trading at approximately $2,633 at the time of...

Samuel Edyme 1 week ago

JUP價格飆升13% Solana生態DeFi與迷因幣掀起六月行情熱潮

Solana生態再次喚起投資者注意,而帶頭的不是別人,正是Jupiter。這枚原本偏向基礎設施功能的代幣,近期因其DEX平台重大升級,價格從0.54美元短時間內拉升至0.61美元,逼近關鍵的200日均...

Kelvin Lee 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto news FTX repayments

Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert

Jake Simmons 1 week ago

Đồng tiền điện tử nào có thể bùng nổ vào năm 2025? Phân tích dữ liệu để chọn ra ứng viên sáng giá

Bảo Lê 1 week ago
Mystery box football

Mystery box football: gdzie znaleźć najciekawszą paczkę?

newsbtc 1 week ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    2 weeks ago
  • Start RIPPLECOIN Mining cloud mining package through...

    2 weeks ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.