Paxful to Pay $4 Million Due to Prostitution and Money Laundering Charges

The DOJ orders Paxful to pay $4 million following a plea agreement despite a $112 million fine for its alleged crimes.

Paxful, a well-known cryptocurrency exchange, has entered a plea agreement obligating them to pay a fine of $112 million in relation to serious allegations including prostitution and money laundering. However, after evaluating the company's financial situation, the Department of Justice (DOJ) concluded that Paxful could only manage to pay a reduced amount of $4 million.