Paxos - Crypto Transfers Incident Detected

Incident Report for Paxos

Resolved

This incident has been resolved.

Posted Jun 05, 2025 - 16:49 UTC

Identified

Engineering has identified the root cause of the issue, and we are now processing the backlog of pending deposits.

Posted Jun 05, 2025 - 16:08 UTC

Investigating

At this time, we are experiencing an outage on the Transfers endpoints. As such, Crypto Deposits on Solana network are impacted and customers may experience delays in processing.

Posted Jun 05, 2025 - 15:32 UTC

This incident affected: Paxos v1 API (Crypto Transfers), Dashboard UI (Crypto Transfers), account.paxos.com UI (Crypto Transfers), and Paxos v2 API (Crypto Transfers).