Coin World reported that Paxful, a P2P bitcoin exchange, announced that it had resumed operation after being closed for more than a month. The company wrote: "One month later, we were pleased to announce that Paxful market was back online. In early April, we faced a difficult decision, that is, temporarily closing the market to protect all our customers and Paxful's future." Earlier, Paxful was closed in April, and CEO Ray Youssef expressed concern about the safety of clients' funds due to co-founder Artur Schaback suing Youssef and improper dismissal of the company. According to Schabeck, Paxful is currently owned by a trustee who serves as a director in addition to Schabeck and Youssef.