DOJ Indicts Paxful Founder Days After Company Pleads Guilty to Money Laundering Charges

NoOnes founder Ray Youssef is being investigated by the US Department of Justice (DOJ). The probe centers on allegations that Youssef’s peer-to-peer crypto marketplace, Paxful, operated without proper licensing and failed to implement effective anti-money laundering (AML) controls before it shut down in 2025.   Prosecutors also claimed Paxful facilitated transactions linked to unlawful activities, including payments tied to commercial sex advertising platforms. Youssef disputed the allegations, arguing the move represents a further continuation of the war on crypto source: https://beincrypto.com/ray-youssef-indicted-doj-paxful-case/