DOJ Indicts Paxful Founder Days After Company Pleads Guilty to Money Laundering Charges

The US Department of Justice has indicted NoOnes founder Ray Youssef over allegations that his former peer-to-peer crypto marketplace Paxful operated without proper licensing and failed to implement effective anti-money laundering controls. The indictment comes shortly after Paxful pleaded guilty to money laundering charges, with prosecutors claiming the platform facilitated transactions linked to unlawful activities.