Paxos experienced a major incident on May 14, 2026 affecting Crypto Transfers and Crypto Transfers and 1 more component, lasting 43m. The incident has been resolved; the full update timeline is below.
Affected components
Crypto TransfersCrypto TransfersCrypto Transfers
Update timeline
- investigating May 14, 2026, 08:36 AM UTC
At this time, we are experiencing a delay processing crypto deposits on the Ethereum Network. Crypto Deposits can continue to be submitted, but may experience delays in processing.
- identified May 14, 2026, 09:12 AM UTC
The issue has been identified and a fix is being implemented.
- monitoring May 14, 2026, 09:15 AM UTC
A fix has been implemented and we are monitoring the results.
- resolved May 14, 2026, 09:19 AM UTC
This incident has been resolved.