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Paxful Pleads Guilty, Fined $7.5M for Facilitating Criminal Activities

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Paxful, a Bitcoin market news focal point, has pleaded guilty to U.S. federal charges and will pay a $4 million criminal fine. The Financial Crimes Enforcement Network also imposed a $3.5 million civil penalty. Between 2017 and 2019, Paxful facilitated $3 billion in transactions while enabling criminal activities. The company failed to file required suspicious activity reports and misrepresented its anti-money laundering policies. The sentencing is set for February 10, 2026. On-chain news highlights the platform’s role in illicit transactions during its active years.
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