"While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S."
"While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere."
"All customer funds are all accounted for. Please withdraw them and if you can - self-custody."
According to some Reddit users, "there might have been a Zoom meeting yesterday where it was announced Paxful was shutting down in 8 hours."