Paxful co-founder agrees to plea deal, faces up to 5 years in jail

Paxful’s lack of AML led to regulatory breaches, prompting leadership changes. Artur Schaback pled guilty to failing to maintain AML and KYC programs at Paxful. Schaback faces up to 5 years in jail and a $5 million fine, payable in installments. Artur Schaback, co-founder and former Chief Technology Officer of the cryptocurrency exchange Paxful, has […] source: https://coinjournal.net/news/paxful-co-founder-agrees-to-plea-deal-faces-up-to-5-years-in-jail/