U.S. DOJ hits Paxful for $4 million in case tied to illegal sex work, money laundering

The crypto platform's penalty was sharply reduced due to its ability to pay, according to U.S. authorities. What to know : The U.S. Department of Justice won a $4 million penalty from former crypto platform Paxful in a sentence tied to the dodging of money-laundering laws. The amount was reduced from an original amount of $112 million by prosecutors after determining the business couldn't pay that much, the DOJ said.