Paxos confirms it is responsible for an erroneous $500,000 Bitcoin transaction
THE account that paid $500,000 has move $2,000 value of Bitcoin was A Paxos server, THE business said.
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THE account that too much paid $500,000 In costs on Seven. ten For A Bitcoin transfer belonged has Paxos, according to has A Seven. 13 statement Since THE business. Paxos claims that END users to have not has been affected And all user funds are on. Paxos East most well known as THE issuer of stable coins, including PayPal USD (PYUSD) And People Dollar (USDP), but Also short A crypto brokerage farm that door Bitcoin (BTC).
THE statement come After users on X (Previously Twitter) were speculate that PayPal can to have has been responsible For THE transaction due has A related wallet account that had has been identified by analytic platform OXT as belonging has PayPal. A Paxos representative said Cointelegraph that PayPal was not responsible, as THE error was It is own, stating:
“Paxos too much paid THE BTC network costs on Seven. ten, 2023. This only impacted Paxos business operations. Paxos clients And END users to have not has been affected And all customer funds are on. This was due has A bug on A Single transfer And he has has been fixed. Paxos East In contact with THE minor has to recover THE funds. »
THE deceived transaction was First of all discovered on Seven. ten, shortly After he had occurred. According to has blockchain data, THE sender paid costs of approximately 20 BTC (on $515,000 value has THE time) has send just 0.07 BTC (value less that $2,000 has THE time). HAS THE time, Home wallet co-founder Jameson Lopp declared that THE Sending in progress account "regards as A exchange Or payment processor with small cart software," as he had do on 60,000 transactions Since THE even address.
THE block that content THE transaction was confirmed by Bitcoin mining pool Swimming pool F2. On Seven. ten, THE the swimming pool management
THE account that paid $500,000 has move $2,000 value of Bitcoin was A Paxos server, THE business said.
News
Join
We
on
social
networks
THE account that too much paid $500,000 In costs on Seven. ten For A Bitcoin transfer belonged has Paxos, according to has A Seven. 13 statement Since THE business. Paxos claims that END users to have not has been affected And all user funds are on. Paxos East most well known as THE issuer of stable coins, including PayPal USD (PYUSD) And People Dollar (USDP), but Also short A crypto brokerage farm that door Bitcoin (BTC).
THE statement come After users on X (Previously Twitter) were speculate that PayPal can to have has been responsible For THE transaction due has A related wallet account that had has been identified by analytic platform OXT as belonging has PayPal. A Paxos representative said Cointelegraph that PayPal was not responsible, as THE error was It is own, stating:
“Paxos too much paid THE BTC network costs on Seven. ten, 2023. This only impacted Paxos business operations. Paxos clients And END users to have not has been affected And all customer funds are on. This was due has A bug on A Single transfer And he has has been fixed. Paxos East In contact with THE minor has to recover THE funds. »
THE deceived transaction was First of all discovered on Seven. ten, shortly After he had occurred. According to has blockchain data, THE sender paid costs of approximately 20 BTC (on $515,000 value has THE time) has send just 0.07 BTC (value less that $2,000 has THE time). HAS THE time, Home wallet co-founder Jameson Lopp declared that THE Sending in progress account "regards as A exchange Or payment processor with small cart software," as he had do on 60,000 transactions Since THE even address.
THE block that content THE transaction was confirmed by Bitcoin mining pool Swimming pool F2. On Seven. ten, THE the swimming pool management
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