Paxos

Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin, and more

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Paxos’ $500K Bitcoin fee, FTX tokens sales set to begin, and more

Blockchain infrastructure firm Paxos has confirmed that it made a mistake in paying over $500,000 in Bitcoin transaction fees, and the Bitcoin miner who received the funds has returned them. A bankruptcy court has approved the sale of FTX digital assets, excluding Bitcoin and Ether, which can be sold separately. Digital Currency Group has proposed … Read more

Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction

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Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction

Accounting firm Paxos accidentally overpaid $500,000 in fees for a Bitcoin transfer on September 10. Initial speculation on social media suggested that PayPal was responsible, but Paxos later clarified that the error was its own. The mistaken transaction was discovered shortly after it occurred, with fees of approximately 20 BTC paid to send just 0.07 … Read more