Paxos experienced a minor incident on August 25, 2026 affecting Fiat Transfers and Fiat Transfers, lasting 2h 28m. The incident has been resolved; the full update timeline is below.
Affected components
Fiat TransfersFiat Transfers
Update timeline
- identified Aug 26, 2026, 12:31 AM UTC
We are currently experiencing delays processing fiat withdrawals to DBS bank accounts. Withdrawal requests can still be submitted, but completion may take longer than usual. We are working with our banking partner to investigate and will provide another update as more information becomes available.
- resolved Aug 26, 2026, 01:29 AM UTC
Our banking partner has processed the outstanding fiat withdrawals, the incident is resolved