Former Paxful CEO Says He Can’t Vouch For Anything Happening There Now – Platform Tells Users It’s Back Online – Featured Bitcoin News
The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin market that he is no longer in control and therefore cannot vouch for “anything that is happening there now”. Youssef also told a user who claimed to have been scammed on the platform that he has also been banned from the platform.
Former CEO tells users to ‘trust no one’
Former Paxful CEO Ray Youssef again reminded users of the peer-to-peer platform on May 9 that he left the company weeks ago and as such cannot “endorse in any way anything that happens there now.” While urging users to “trust no one”, Youssef said he would soon provide an update on a trust “created to make all frozen funds whole”.
I am no longer the CEO of Paxful and have no control over anything that happens there. They banned me too. Good luck and trust no one. #self storage pic.twitter.com/IPOVnsp14x
— Ray Youssef (@raypaxful) 11 May 2023
The statements by Youssef, who has repeatedly tweeted that he clashed with his co-founder at Paxful, follow reports suggesting the P2P (peer-to-peer) marketplace was back just weeks after it was shut down.
Paxful says it is taking steps to address functionality issues
As reported by Bitcoin.com News in early April, Paxful was forced to shut down due to factors including the departure of key personnel and regulatory challenges. Some reports also suggested that Youssef’s feud with fellow Paxful co-founder Artur Schaback had also contributed to the marketplace’s abrupt shutdown.
It has been a good week. Let’s keep building. 💪 pic.twitter.com/Xie4XTQpYv
— Paxful (@paxful) 11 May 2023
However, a tweet shared by Paxful’s official handle on May 10 thanked users for their patience when the marketplace was down. The tweet also suggested that steps were being taken to address functionality issues.
“Thank you to the community for their patience as we continue to gradually restore functionality to the marketplace. We are aware that some users’ accounts have been mistakenly banned and our team is working to fix the issue,” Paxful said in a chirping.
Meanwhile, in another tweet, Youssef told a user who claimed to have been scammed on the platform that he no longer had any control and that he was also banned. The former CEO also repeated the same messages to other users similarly asking about their blocked funds. When asked what ultimately made him leave Paxful, Youssef said: “It’s a wild story bro. We need one [Twitter] space.”
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