Paxos’s $500,000 Mistake
Paxos recently admitted to a costly mistake, where they accidentally paid a 19.82 BTC fee (approximately $500,000) for a 0.07 BTC transfer (around $2,000).
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While rumors linked this mishap to PayPal, Paxos has firmly denied any connection.
The company clarified that this error was isolated to a single transaction, affecting only their corporate funds, and has since been corrected. However, they haven't disclosed further details about the incident.
Perhaps they decided to part ways with the employee accountable for the oversight.
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