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Paxful Pleads Guilty to AML Violations, Facilitated $3 Billion in Illicit Transactions

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Paxful has pleaded guilty to AML violations, admitting to processing $3 billion in transactions without a proper AML or CFT program. The U.S. Department of Justice accused the platform of enabling crimes like sex trafficking, fraud, and sanctions evasion. Prosecutors proposed a $4 million fine, citing Paxful’s cooperation and financial condition. The sentencing is set for February 2026. The case shows regulators are tightening AML and CFT enforcement in crypto.
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