Paxful Agrees to Plead Guilty, Pays $7.5M in Fines

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Release Time:12/11/2025 00:21:41

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**Paxful Agrees to Plead Guilty, Pays $7.5M in Fines** In the latest **on-chain news**, Paxful Holdings Inc. has agreed to plead guilty to U.S. federal charges and will pay a $4 million criminal fine to the U.S. Department of Justice. The Financial Crimes Enforcement Network also imposed a $3.5 million civil penalty on Tuesday. Paxful shut down in 2023 after facilitating $3 billion in transactions between 2017 and 2019, while allegedly enabling criminal activities and failing to file required reports. The company misrepresented its anti-money laundering policies. Sentencing is set for February 10, 2026. This incident is among the key updates in **Bitcoin market news** this week.

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