Paxos experienced a minor incident on February 6, 2026 affecting Crypto Transfers and Crypto Transfers and 1 more component, lasting 23m. The incident has been resolved; the full update timeline is below.
Affected components
Crypto TransfersCrypto TransfersCrypto Transfers
Update timeline
- investigating Feb 06, 2026, 10:36 PM UTC
At this time, we are experiencing an outage on the Transfers endpoints. As such, Crypto Withdrawals on Ethereum network are impacted and customers may experience delays in processing.
- identified Feb 06, 2026, 10:47 PM UTC
We have identified the root cause of the issue and are deploying a fix. Delays affecting crypto withdrawals should be resolved shortly.
- monitoring Feb 06, 2026, 10:54 PM UTC
The issue has been resolved, and all previously pending withdrawal requests have been processed.
- resolved Feb 06, 2026, 10:59 PM UTC
This incident has been resolved.