Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion By Cointelegraph
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A bitter dispute between Paxful’s co-founders, Artur Schaback and Mohamad (Ray) Youssef, in Delaware’s courts may have been the real reason behind the marketplace’s sudden closure on April 4.
Schaback and Youssef, who started Paxful in 2015 with a shared passion for Bitcoin (BTC), are now litigating the company’s control, with several accusations against each other, according to court documents. The allegations include misappropriation of company funds, money laundering and evasion of United States sanctions against Russia, among others.
Founders disagree
Youssef’s point of view
Schaback’s point of view
Continue Reading on Coin Telegraph
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A bitter dispute between Paxful’s co-founders, Artur Schaback and Mohamad (Ray) Youssef, in Delaware’s courts may have been the real reason behind the marketplace’s sudden closure on April 4.
Schaback and Youssef, who started Paxful in 2015 with a shared passion for Bitcoin (BTC), are now litigating the company’s control, with several accusations against each other, according to court documents. The allegations include misappropriation of company funds, money laundering and evasion of United States sanctions against Russia, among others.
Founders disagree
Youssef’s point of view
Schaback’s point of view
Continue Reading on Coin Telegraph