Once Bitlovers and entrepreneurs, the founders of Paxful are now suing each other for company control.
from participating in the company's operations over disagreements with Youssef — Paxful's chief executive officer — about the marketplace's future and operations, including conflicts about"the legitimacy of ever-increasing expenditures to undisclosed entities."According to Schaback's claims in the lawsuit, a large quantity of Paxful’s Bitcoin has been transferred to a Turkish entity called “EMiR,” which he claims is not a legitimate software company.
In comments to Cointelegraph, Youssef classified the claims as"ridiculous." According to him, the accusations center around salary payments to a Turkish engineering company working for Paxful."He [Schaback] blocked these salary payments to our engineers with these accusations, claiming they were fake and even that they were performing no such services. He played an insane game of chicken until the entire team of 80 engineers stopped working [...] Mr.
Under the imminent resignation of his team, Youssef said it was impossible to keep Schaback at Paxful.
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