Interestingly, the onboarding of the new CEO was not without controversy. The former CEO – Ray Youssef, took to Twitter to criticize the company’s decision to appoint Roshan. Youssef tweeted, “PF has a new defi CEO…expect a token soon.” It’s worth noting that Ray Youssef has no involvement in Paxful’s business decisions, and he advised users to approach Roshan directly with any concerns.
Paxful has a new defi ceo. Expect a token soon. I had no part of this folks and will never have any part in it.
Take your issues directly to him. Good luck y’all@paxful @roshandhariahttps://t.co/KMSflkkaQn
— Ray Youssef (@raycivkit) May 30, 2023
Paxful has had some issues in the recent past. Youssef had a disagreement with co-founder Artur Schaback over the use of exchange funds in early 2023. This led to blocked salaries and resignations from certain teams and contractors. Yousseff allegedly shut down Paxful on his own accord when it halted services on April 4th. He subsequently resigned from his role and committed his funds to a public trust that would be used to repay users.
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