Paxful co-founder Ray Youssef has stepped down from the position of CEO.

BlockBeats reported on April 18th that Ray Youssef, co-founder of Paxful, has resigned as CEO, according to an official announcement from Paxful. Youssef assured creditors that the platform is under the supervision of trustees and he will not abscond with funds, as doing so would "ruin his reputation". Two weeks ago, Paxful announced that it would cease operations, and it is uncertain whether the platform will reopen. Additionally, Youssef plans to launch a new platform, Civilization Kit (Civ Kit), and has already released the Civ Kit whitepaper.