Odaily Planet Daily News Paxful co-founder Ray Youssef assured creditors that the platform is under the supervision of the custodian and he will not "run away" with the money because doing so would "ruin his reputation." It is reported that Paxful announced the suspension of operations two weeks ago, and it is uncertain whether the platform will reopen. According to a tweet posted by Ray Youssef, he will step down as CEO of Paxful on April 18. He pointed out that "the company is managed by a Delaware law firm as a custodian. I will report to them at least until I resign tomorrow." He reiterated that the custodian now controls all funds and operations of the platform. Ray Youssef also pointed out that Paxful still has $4.4 million in frozen funds, accounting for about 3.3% of all customer funds that cannot be withdrawn. But as his "last act as CEO," Youssef also revealed that after 10 days of efforts, 88% of the frozen accounts have been unfrozen. "In order to unfreeze these accounts, I gave up the title of CEO, and I also risked being convicted of contempt of court." He advocated self-custody for all crypto users. He said he had "no power" to unfreeze the remaining 12% of accounts that were still locked. "If your account is still frozen, I'm sorry, but I don't have the power to unfreeze these funds, they are in the hands of US regulators. I don't have the authority and have never had the authority to use customer funds. Avoid US companies and always self-host!" (Beincrypto) According to previous reports, after the Bitcoin P2P market Paxful announced the suspension of operations, Paxful co-founder Ray Youssef planned to launch a new platform Civilization Kit (Civ Kit), and released the Civ Kit white paper last week.