Why is Paxful closing down?

Hello there, I'm curious to know more about the recent news that Paxful, a popular peer-to-peer cryptocurrency marketplace, is shutting down. Can you shed some light on the reasons behind this decision? Is it due to financial difficulties, regulatory issues, or perhaps a strategic move on the company's part? How will this affect users and traders who have relied on Paxful for their cryptocurrency transactions? I'd appreciate any insights you can provide. Thank you.