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Virtual Asset Trading Platform Sentenced for Violating the Travel Act and Other Federal Criminal Charges
February 12, 2026
WASHINGTON, Feb. 12 -- The U.S. Department of Justice issued the following news release on Feb. 11, 2026:

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Virtual Asset Trading Platform Sentenced for Violating the Travel Act and Other Federal Criminal Charges

Paxful Holdings Inc., an online virtual currency trading platform, was sentenced yesterday to pay a criminal penalty of $4 million based on its ability to pay following its guilty plea to conspiracies to promote illegal prostitution, violate th . . .

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