Paxos experienced a minor incident on June 26, 2026 affecting Crypto Transfers and Crypto Transfers, lasting 3h 14m. The incident has been resolved; the full update timeline is below.
Affected components
Update timeline
- identified Jun 26, 2026, 03:57 PM UTC
The Base blockchain is currently experiencing a network-wide stall affecting all activity on the network. As a result, deposits and withdrawals on Base are delayed while the network is unable to confirm transactions. This is an issue with the Base network itself and is not specific to Paxos; all other blockchains are operating normally and customer funds are not affected. Transactions on Base will resume processing automatically once the network recovers. No action is required on your part. We are monitoring the situation closely and will provide updates as it progresses.
- monitoring Jun 26, 2026, 04:16 PM UTC
The Base network stall has been resolved and the network is producing blocks normally again. Paxos has resumed processing deposits and withdrawals on Base, and any transactions that were delayed during the disruption are now being worked through. Customer funds were not affected at any point.
- resolved Jun 26, 2026, 07:12 PM UTC
This incident has been resolved.