Paxos experienced a minor incident on June 5, 2025 affecting Crypto Transfers and Crypto Transfers and 1 more component, lasting 1h 17m. The incident has been resolved; the full update timeline is below.
Affected components
Crypto TransfersCrypto TransfersCrypto Transfers
Update timeline
- investigating Jun 05, 2025, 03:32 PM UTC
At this time, we are experiencing an outage on the Transfers endpoints. As such, Crypto Deposits on Solana network are impacted and customers may experience delays in processing.
- identified Jun 05, 2025, 04:08 PM UTC
Engineering has identified the root cause of the issue, and we are now processing the backlog of pending deposits.
- resolved Jun 05, 2025, 04:49 PM UTC
This incident has been resolved.