The Paxful cryptocurrency exchange has pleaded guilty to laundering crypto-assets linked to scams, fraud, and extortions

Virtual Asset Trading Platform Pleads Guilty to Violating the Travel Act and Other Federal Criminal Charges

Paxful Holdings Inc., an online virtual currency trading platform, agreed to plead guilty yesterday to a three-count information filed in the Eastern District of California and agreed to pay a criminal penalty of $4 million based on its ability to pay.