Paxos - Crypto Transfers Incident Detected

The issue has been resolved, all crypto withdrawals should be processed now.

Engineering has implemented the fix in the system, and all pending withdrawals should be processed shortly.

Withdrawals to the Solana network remain under investigation by Engineering. Withdrawals to other crypto networks are currently processing and clearing the backlog.

The Engineering team is actively working to enhance the performance of the backlog processing for crypto withdrawals.

Engineering has applied the fix, and we are now processing the backlog of pending crypto withdrawals.

Engineering has identified the root cause and is actively working on a resolution.

We are experiencing an outage with Crypto Withdrawals to all networks. Customers can continue initiating withdrawals on platform, but may experience some delays with transfers on chain.