U.S. Department of Justice Financial Fraud Update

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

12/10/2025 07:00 AM EST

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.

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