The Promise from Ray Youssef to Paxful Users
On March 30, Ray Youssef, CEO and co founder of Paxful in the Bitcoin P2P market, said on Twitter that he promised to refund Paxful users who lost funds in Celsius Earn. Later this
On March 30, Ray Youssef, CEO and co founder of Paxful in the Bitcoin P2P market, said on Twitter that he promised to refund Paxful users who lost funds in Celsius Earn. Later this week, users’ Celsius funds will be available for use in their Paxful wallets.
Paxful CEO: will refund Paxful users who have lost funds in Celsius Earn
In the world of Bitcoin trading, Paxful has made a name for itself as one of the largest and most respected P2P marketplaces. Unfortunately, some users recently lost funds using Celsius Earn, a popular service that lets users earn interest on their cryptocurrency holdings. Recognizing the hardship this has caused, Ray Youssef, Paxful’s CEO and co-founder, stepped up and offered to refund affected users’ funds. This article takes a closer look at the situation and explains why Youssef’s promise is so significant for both Paxful and the crypto community as a whole.
Celsius Earn: What Happened?
Celsius Earn is a cryptocurrency-based lending platform that lets users earn interest on their holdings. The platform has been growing in popularity as more and more people look for ways to earn passive income from their cryptocurrency investments. Unfortunately, things didn’t go according to plan for some Celsius users recently.
On March 15th, Celsius Earn suffered a large-scale outage that lasted for several hours. During this time, some users’ funds were mistakenly sent to other users’ accounts. Celsius Earn promised that they would make all users’ funds available to them by March 18th, but many were still locked out of their accounts several days later. This left many users understandably frustrated and upset.
Ray Youssef’s Promise
Recognizing how much this experience has affected Celsius Earn users, Ray Youssef tweeted on March 30th that he would personally refund all users who lost funds in Celsius Earn. Youssef recognized the hardship that these users had gone through and wanted to do his part in making things right. He promised to have users’ Celsius funds made available for use in their Paxful wallets by the end of the week.
The Significance of Youssef’s Promise
Youssef’s promise is significant for a few different reasons. Firstly, it demonstrates Paxful’s commitment to its users. By promising to refund Celsius Earn users’ funds, Youssef is showing that Paxful stands behind its users and is willing to go above and beyond to ensure that they are treated fairly.
Secondly, Youssef’s promise sets an important precedent for the crypto community as a whole. In an industry that is still largely unregulated, it’s important for companies to take responsibility for their actions and to make things right when they go wrong. Youssef’s promise demonstrates that this is possible and that the crypto community can come together to help those who have been impacted by unfortunate events.
Conclusion
In conclusion, Ray Youssef’s promise to refund Paxful users who lost funds in Celsius Earn is a significant moment for both Paxful and the crypto community as a whole. It demonstrates Paxful’s commitment to its users and sets an important precedent for how companies in the crypto space can and should take responsibility for their actions. We can only hope that more leaders in the industry will follow Youssef’s lead and work towards making the cryptocurrency industry a more responsible, transparent, and user-friendly place.
FAQs
**Q:** Why did users lose funds in Celsius Earn?
**A:** Celsius Earn experienced a large-scale outage on March 15th that resulted in some users’ funds being mistakenly sent to other users’ accounts.
**Q:** How did Ray Youssef help affected users?
**A:** Youssef promised to personally refund all users who lost funds in Celsius Earn and make their Celsius funds available for use in their Paxful wallets.
**Q:** Why is Youssef’s promise significant for the crypto community?
**A:** Youssef’s promise sets an important precedent for how companies in the crypto space can and should take responsibility for their actions and work towards making the industry more user-friendly and transparent.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/10806.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
The Future of Gold and Bitcoin Prices: A Multi-Year Bull Market Cycle
On April 5th, Jan van Eck, the CEO of VanEck, stated that both gold and Bitcoin prices may soar during a multi-year bull market cycle.
VanEck CEO: Gold and Bitcoin prices are expec -
Coinbase Makes Significant Headway in the Development of its Layer 2 Network Base
According to reports, Coinbase released progress on the Layer 2 network base, with over 18000 developers releasing 55000 smart contract deployments on the base testing network in the first week; The number of Foundations for the Base, Introduced NFT released in collaboration with Zora reached 485000 in the first week. Coinbase: L2 network Base testing 55000 smart contracts deployed online Analysis based on this information:Coinbase, the popular cryptocurrency exchange, recently made an announcement regarding the progress of its Layer 2 network base. According to the reports, over 18000 developers released 55000 smart contract deployments on the base testing network in the first week alone. This is a significant milestone in the development of the network base, signaling its robustness and potential for future applications. A Layer 2 network base is an off-chain scaling solution that aims to reduce congestion in the main blockchain network. It does so by enabling multiple transactions to be processed at once, increasing the speed and…
-
EBA Recruiting Crypto Asset Supervisors for MiCA Regulation
According to reports, according to documents from the European Banking Authority (EBA), EBA is recruiting crypto asset supervisors to prepare for fulfilling its responsibilities un
-
What is ddm Bitcoin Coin (ddim coin)
What is ddm Bitcoin Coin? ddm is a decentralized protocol that allows users to
-
BLUR Whale Address Receives Significant Funding and Pledges It
It is reported that the Lookonchain monitoring data showed that the BLUR whale address (beginning with \”Oxd945\”) received 33800 GMX (about US $2.55 million) fr…
-
Vitalik Buterin’s Recent Ethereum Transfer to Kraken
According to reports, PeckShield monitoring showed that Vitalik Buterin, the co-founder of Ethereum, transferred 200 Ethereum to Kraken through the address of vitalik.eth in the past hour. God V transferred 200 Ethereum to Kraken Analysis based on this information:In recent news, it has been reported through PeckShield monitoring that Vitalik Buterin, the co-founder of Ethereum, has transferred 200 Ethereum to Kraken. This transfer was made through the address of vitalik.eth in the past hour. This news has caught the attention of many cryptocurrency enthusiasts, as Vitalik Buterin is a well-known figure in the industry. The transfer of Ethereum to Kraken indicates that Vitalik Buterin may be looking to sell some of his holdings or possibly diversify his portfolio. It is not uncommon for cryptocurrency investors to make frequent transfers as they move their assets around in search of better investment opportunities. However, it is worth noting that Vitalik Buterin has been vocal about his beliefs in the potential of Ethereum…
-
Tether to Migrate from Tron to Ethereum with Binance Partnership
It is reported that Tether, the issuer of stable currency, said that in a few minutes, Tether would coordinate with Binance to exchange the chain from Tron to …
-
What currency is CDY (what currency is cdc)
CDY what currency digital currency wallet CoinDCX has issued a blockchain wallet called “CDY”, which allows users to use encryption technology to send assets in their accounts to designated addresses through smart contracts. Simultaneously supports the creation of transactions between private keys and private addresses Trading on CoinDCX can be used as a wallet, but cannot be used for other purposes such as paying fees. In order to achieve these goals (including decentralized exchanges), users need to set a private key and password to generate a private key This is a very important moment for those who want to participate in Bitcoin or Ethereum. Because Bitcoin does not have its own main chain, nor does it have its own public chain. But when you want to earn profits from it, it will automatically become your currency. (Cryptonews) What currency is cdcAccording to Coincryptorama, Cdc is the native token of the Bitcoin network. Its characteristics include a constant total issuance amount,…
-
Rich Dad Poor Dad “Author: Bitcoin Will Reach $100000
According to reports, Robert Kiyosaki, the author of the best-selling book \”Rich Dad Poor Dad,\” posted on social media that, Why did I choose Bitcoin? Years ago, I saw Bitcoin clim
-
Bedlock Upgrade Postponed Due to Community Feedback
On February 17, Optimism announced that the community\’s vote on the main network Bedlock upgrade proposal had been postponed, and the vote would be held from M…