Paxful Found Guilty of Supporting Crimes

Paxful Violated Laws Dedicated to Fighting Crime

Paxful acknowledged its guilt in assisting illegal activities, including prostitution, fraud, and sanctions violations, as a result of ongoing legal proceedings. Reports indicate that the company conducted $3 billion worth of cryptocurrency transactions and disregarded anti-money laundering (AML) rules.

According to a statement from the Justice Department on Wednesday, it was found that Paxful provided services to high-risk users. The Justice Department announced that the penalty to be imposed on Paxful in this process is determined to be $4 million, and the court ruling is scheduled for February 2026.