Paxos experienced a minor incident on August 4, 2025 affecting Crypto Transfers and Crypto Transfers and 1 more component, lasting 2h. The incident has been resolved; the full update timeline is below.
Affected components
Crypto TransfersCrypto TransfersCrypto Transfers
Update timeline
- investigating Aug 04, 2025, 02:55 AM UTC
We are currently experiencing delays in processing crypto deposits for USDC, USDP and PYUSD on the Solana network. Customers can still make deposits, but processing may take longer than usual.
- identified Aug 04, 2025, 03:41 AM UTC
Only specific USDC, USDP, PYUSD, and SOL deposits made on the Solana network on 30 July were affected. Deposits made after 30 July were not impacted. We are actively working to complete processing of the affected deposits.
- monitoring Aug 04, 2025, 04:03 AM UTC
A fix has been implemented and we are monitoring the results.
- resolved Aug 04, 2025, 04:55 AM UTC
This incident has been resolved.