Paxos - Delayed ETH Crypto Withdrawals Incident Detected

Incident Report for Paxos

Resolved

This incident has been resolved.

Posted May 27, 2024 - 19:41 UTC

Monitoring

A fix has been implemented and we are monitoring the results.

Posted May 27, 2024 - 19:35 UTC

Investigating

At this time, we have detected that ETH Crypto withdrawals are are delayed in processing. Paxos API's are currently accepting requests for all transfers. The impacted ETH Cryptos which are experiencing delays in processing are: ETH, USDP, PYUSD, and PAXG.

Posted May 27, 2024 - 19:26 UTC

This incident affected: Archive (Crypto Transfers) and Paxos v2 API (Crypto Transfers).