Originally Posted by RuthB

At Paxum we do not tolerate fraudulent activity. We strive to have the most secure platform available.

If a cheater is found to be using our service fraudulently then we make every endeavor to swiftly return any available funds to those clients affected. We have been helping programs eliminate fraud by removing carders from the system and we have always tried to return as much as possible to the originating accounts.

Every business client is free to use our system to perform legitimate business. To be clear, we do not have any partnerships or private arrangements with any exchanger company, and every company using our services is expected to be responsible for their transactions. Our terms and conditions are clear on this issue. Some accounts have been cancelled already, but accounts that we do not believe were related to the actual fraud are still active, but have had the transactions reversed. We always pushed for strong KYC regulations, and we urged exchangers to do the same. We know where the funds went, and were able to retrieve them. We wish everyone would do the same and cheaters wouldn't stand a chance.

As always, we will take steps in order to limit transactions of this kind in the future, and prevent extensive damages in this case. We do NOT tolerate fraudulent or money-laundering activity in any way. Our stance toward fraud and the way we handle these situations will not change. We will always strive to return the funds to their rightful owner.