Paxos experienced a major incident on February 24, 2026 affecting Crypto Transfers and Crypto Transfers and 1 more component, lasting 1h 41m. The incident has been resolved; the full update timeline is below.
Affected components
Crypto TransfersCrypto TransfersCrypto Transfers
Update timeline
- investigating Feb 25, 2026, 12:31 AM UTC
We are currently observing intermittent 500 responses on the /v2/transfer/crypto-withdrawals endpoint. Engineering is actively investigating the issue and working to identify the root cause. We will provide further updates as soon as more information becomes available.
- monitoring Feb 25, 2026, 01:10 AM UTC
A fix has been implemented and we are monitoring the results.
- resolved Feb 25, 2026, 01:23 AM UTC
This incident has been resolved.