Paxful restarts marketplace operations for the first time since April

Amid suspended service, Ray Youssef said he had done his "last act" as CEO after helping unfreeze 88% of some users' accounts.

Peer-to-peer crypto market Paxful has announced that it is back online after suspending operations in April.

In an update posted on its website, Paxful said its team had relaunched the marketplace after more than 30 days. Although the platform said its wallet has "remained fully operational" during the service suspension, it's unclear how Paxful intends to move forward.

“Over the past month, our team has worked diligently to bring the market back online with user safety paramount,” Paxful said.

: Paxful is back online.

Over the next few days, we will gradually restore Marketplace functionality.

Thank you all for your support!

https://t.co/UApEgHxLg5

Court filings from March showed Paxful CEO Ray Youssef and co-founder Artur Schaback accused each other of embezzling company funds, money laundering and evading US sanctions against Russia, prior to the suspension of marketplace operations. Youssef later