Paxful Sentenced to $4 Million Penalty After Guilty Plea in Federal Criminal Case

Paxful Holdings Inc., the operator of an online peer-to-peer virtual currency trading platform, has been ordered to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, including conspiracies to promote illegal prostitution, operate an unlicensed money transmitting business, and violate anti-money laundering requirements under the Bank Secrecy Act. The sentence follows […] Read The Full Article Paxful Sentenced to $4 Million Penalty After Guilty Plea in Federal Criminal Case On Coin Edition.