Paxful CEO proclaims 88% of accounts unfrozen, $4.4M in funds remaining

The chief government officer of peer-to-peer crypto market Paxful has introduced the unfreezing of 88% of beforehand frozen person accounts greater than per week after suspending operations.

In an April 16 Twitter thread, Paxful CEO Ray Youssef stated roughly $4.4 million in frozen funds remained on the platform after employees had unfrozen 88% of present accounts. In keeping with Youssef, the unfreezing of accounts had been completed “with no engineers or compliance people,” claiming all remaining frozen funds had been “within the palms of” United States monetary regulators.

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