Ray Youssef, the CEO of the popular peer-to-peer cryptocurrency exchange, Paxful, announced his resignation from the company.
On the 17th, of April 2023, Youssef made his first official announcement on Twitter where he said;
“Today is my last day as CEO of @paxful I have officially resigned. The full story shall soon be revealed. It is madness but blessings are everywhere for those who put the people first. Suits can wait in line. Just wait and see”
Yousef, the CEO and co-founder of Paxful, posted details of his departure on Twitter on April 18, 2023. He made it clear in his tweet that he is leaving with a fully functional wallet, users’ funds secure and safe, and users of Celsius made whole.
He also thanked the Paxful staff and the company’s customer base for their dedication and support over the years.
With over 5 million registered members and a presence in more than 100 countries, the business has expanded under Youssef’s direction to become one of the most popular peer-to-peer Bitcoin marketplaces.
Earlier in the month, Ray Youssef announced the Paxful marketplace will be shutting down. This was due to mass exodus of talents from the firm and regulatory changes in the peer-to-peer market in the United States.