Paxful’s Alleged Removal of Reserve Funds: What You Need to Know
Hey there, LolaCoin readers! We’ve got some news that may raise a few eyebrows. It seems that Paxful, the popular peer-to-peer crypto marketplace, has allegedly removed the reserve funds amount from their status page. Not the best look, right? But hey, there’s always a silver lining. Let’s break it down for you:
Here are the key points you should know about this situation:
– Former CEO Ray Youssef advised users to stop trading and consider switching to self-custody until the issue is resolved. Safety first, folks!
– An unidentified social media user claimed to have seen tweets from former employees who were not paid their dues after leaving. Not a good sign of trustworthiness, huh?
– There have been rumors circulating that Paxful may be dipping into customer funds. Yikes! That’s definitely something to be wary of.
– Youssef, in response to Paxful’s pledge to unfreeze $4.5 million in customer funds, expressed his lack of confidence in the process. Trust is a hard thing to earn, folks.
– Since leaving Paxful, Youssef has been urging users to abandon the platform and promoting his own venture, Civkit. Some see it as a noble effort, while others accuse him of seeking attention and trying to harm his rivals.
So, what’s our hot take on this? Well, it’s clear that there are some serious concerns surrounding Paxful and its handling of funds. It’s always important to do your own research and make informed decisions when it comes to your hard-earned money. Stay vigilant, LolaCoin readers!
By
By
By
By
By
By