Paxos Mistakenly Pays $500,000 Fees for $2,000 Bitcoin Transfer

Paxos mistakenly overpaid $500,000 in fees for a $2,000 Bitcoin transfer. However, all user funds are safe and unaffected. Learn more about this error and its aftermath.

Posted 8 months ago in Bitcoin


A graphical representation of Bitcoin and dollar bills.

The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated.

Last updated 9/13/2023, 11:40:08 PM

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