Paxful is closing down

[Karl_3000]

The exchanges closed down two years ago but it is closing down again. I get this information from Paxful official account on X

https://x.com/paxful/status/1973373221446754634

The exchanges is advising people to move their money from the exchange account. The exchange may give people more grace to leave their coins but it is not wise at all. Move your money from the exchange before it is too late

[WhoYouCantKill]

You are not mistaking if worried. The moment exchange starts warning users to remove their funds, this is nothing but a red flag that should not be ignored.
These are what hits me:
Exchange may go offline or even freeze withdrawals, thereby assets are left trapped.
It may not be able to cover all coins whether grace was given or not.
You have to control your personal wallet; assets being moved to individual cold/hot wallet is securer.

Advice: don't hesitate, remove what you should an can to wallets you have complete control over.