Paxos - Crypto Transfers Incident Detected

Incident Report for Paxos

Resolved

The backlog of Solana token withdrawals have been successfully reprocessed. We do not anticipate any further delays from this point.
Posted May 18, 2026 - 08:33 UTC

Monitoring

A fix has been implemented and we are monitoring the results.
Posted May 18, 2026 - 08:31 UTC

Identified

We have identified the root cause of the issue and implemented a workaround. While SOL token withdrawal processing remains degraded, customers can continue submitting withdrawals through our Crypto Withdrawals API. Processing times may be longer than normal during this period. Full recovery is expected by 10:00 AM ET.
Posted May 18, 2026 - 05:57 UTC

Investigating

We are currently experiencing delays in processing SOL token withdrawals. Customers may continue submitting withdrawals through our Crypto Withdrawals API, but processing times may be longer than usual.
Posted May 18, 2026 - 04:27 UTC
This incident affected: Dashboard UI (Crypto Transfers), Wallet UI (account.paxos.com) (Crypto Transfers), and Paxos v2 API (Crypto Transfers).