Paxful Holdings Inc. was sentenced to pay $4 million after prosecutors say the crypto trading platform profited from a lack of anti-money laundering controls that allowed criminals to move illicit funds tied to fraud, prostitution and sex trafficking. Prosecutors said Paxful knew that its customers transferred funds from crimes, like prostitution, according to a statement released by the Department of Justice on Wednesday. “Paxful profited from moving money for criminals that it attracted by touting its lack of anti-money laundering controls and failure to comply with applicable money-laundering laws, all while ... (full story)