2022-12-13
Ray Youssef,
CEO of Paxful, a peer-to-peer Bitcoin trading platform, told customers to take
Bitcoin off the platform and move it to keep it to themselves.
Youssef
cited the collapse of FTX, Sam Bankman-Fried's trading web, as a reason to
encourage Paxful's 11 million customers to turn their attention to
cryptocurrency on their own.
Ref. Cointelegraph on Twitter which he had retweeted this post
"I take great pride in protecting our
community’s funds and, unlike others in our industry, I have never touched our
customers’ money," Youssef said in an email to users. "My sole
responsibility is to help and serve you. That’s why today I’m messaging all of
our users to move your Bitcoin to self-custody. You should not keep your
savings on Paxful, or any exchange, and only keep what you trade
here."
Youssef
added that when customers trust the platform to protect their crypto,
"it's like you're at the mercy of custodians and their morals."
"Bitcoin gives us the opportunity to control it, and we have to take it," Youssef said.
Source Link: The Block // cointelegraph.com
Picture: Link
