Paxos acknowledged that it paid nearly 20 BTC in fees for a single transaction, which has been confirmed by the Bitcoin mining pool F2Pool

ChainCatcher news, stablecoin issuer Paxos acknowledged in a statement that the account which paid nearly 20 BTC in fees in a single transaction on the morning of September 11 belongs to the company. Paxos claims that end users were not affected and all user funds are secure.

A Paxos spokesperson stated, "PayPal bears no responsibility for this, as the error was caused by Paxos itself. This transaction affected Paxos's operations, but Paxos customers and end users were not impacted, and all customer funds are secure. This was due to a flaw in a single transfer, which has now been fixed. Paxos is in contact with miners to recover the funds."

It is reported that the block containing the transaction has been confirmed by Bitcoin mining pool F2Pool.

Previous report, regarding a single transaction fee of 19.82 BTC on the Bitcoin chain at 1 AM today, F2 Pool co-founder Wang Chun stated on the X platform that the approximately 20 BTC will be temporarily set aside, and if no one claims it after three days, it will be redistributed to miners.