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This strategic choice follows the lasting impact of historic misconduct by former co-founders Ray Youssef and Artur Schaback prior to 2023, combined with unsustainable operational costs from extensive compliance remediation efforts. Paxful unequivocally condemns the past actions of its former co-founders, which are inconsistent with the company’s current values and ethical standards under new ownership.
Why would one write this?
I wonder. Back in 2020-2021 Ray explained it pretty clear, why they work in Africa and why they spend so much on compliance.
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