“One month later, we are pleased to announce that the Paxful marketplace is back up and running.
At the beginning of April, we were faced with the difficult decision to temporarily suspend the trading platform to protect all of our customers and the future of Paxful,” the company said.
Throughout this month Paxful Wallet remained fully operational for users. Users were also offered a choice of other platforms to continue trading.
“Over the past month, our team has worked diligently to bring the trading floor back online, prioritizing user safety,” the company added.
In early April, Paxful announced it was shutting down due to an internal conflict between its co-founders Ray Youssef and Artur Schaback.
Even though Shabak hoped to reopen the site, Youssef advised users to withdraw funds from the platform and find a new service provider;
In mid-April, Youssef announced that 88% of frozen accounts had been unblocked, and those users could withdraw funds from the platform.
However, many outraged customers wrote that they still could not get their money back and accused Youssef of fraud.