The Good Tech Companies - Paxful Announces Resolution of DOJ Investigation Concerning Historic Conduct

Episode Date: December 16, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/paxful-announces-resolution-of-doj-investigation-concerning-historic-conduct. The court has set a date of February 10, 2026, for the parties to next appear to address Sentencing. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #paxful, #btcwire, #press-release, #blockchain-development, #crypto-exchange, #us-sec, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. Paxful announces agreements with the United States Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) Paxful has pleaded guilty for its conduct under the former leadership. The court has set a date of February 10, 2026, for the parties to next appear to address Sentencing.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Paxville announces resolution of DOJ investigation concerning historic conduct, BYBTCW. Paxville announces agreements with the United States Department of Justice, DOJ, and the Financial Crimes Enforcement Network, FinCEN, to resolve long-standing investigations concerning historic conduct prior to 2023 during the 10-year off-former Paxville co-founders. Paxville has pleaded guilty for its conduct under the former leadership. The Corthas set a date of February 10, 2026, for the parties to next appear to address sentencing. Paxful acknowledges and unequivocally condemns its past actions and the past actions of the former

co-founders, which are wholly inconsistent with the company's values and ethical standards under new ownership. Throughout the investigative process, Paxville cooperated with both the DOJ and F in CEN, assisting in clarifying the circumstances surrounding the conduct of the former founders. These agreements clearly substantiate the rationale behind Paxville's recent wind-down announcement. The persistent repercussions of the former founder's actions, coupled with the intensive compliance enhancements required to address them, has created an untenable path forward for a non-U.S.-based entity like Paxville. At the same time, these agreements represent a critical milestone for Paxville, closing a difficult chapter in its

history tied to the actions of past leadership and reinforcing its unwavering commitment to compliance, transparency, and ethical practices. While Paxville is no longer conducting business, it remains fully committed to the safe and timely return of any remaining user funds. About Paxful, Paxful, once the world's largest people-powered marketplace, connected over 14 million users across 140 plus countries, enabling them to move, earn, save, and store money since its founding in 2015. As a pioneering borderless peer-to-peer payment network. Paxville offered access to the global economy through cryptocurrencies, supporting over 400 payment methods for buying and selling Bitcoin, USDT, and other digital and

local currencies. For inquiries related to this announcement, please contact. Legal at Paxfell.com law firm Essex Ingoglia 355th Avenue, the Empire State Building, New York, New York, 101118 contact at Essexindaglia.com 212-358-4343 FinCEN. Enforcement action number 2025-0-0-2-D-OJ. United States v. Paxville Holdings, Inc. 225 CROO-235, E.D. Cal. This story was published as a press release by BTC Wire under Hackernoon Business Blogging Program. Do your own research before making any financial decision. Thank you for listening to this hacker.

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