Paxos incident

Paxos - Delays Processing Fiat Withdrawals

Resolved after 2 hours 28 minutes, affecting Fiat Transfers and Fiat Transfers, on August 25, 2026.

resolved Aug 26, 2026, 01:29 AM UTC

Our banking partner has processed the outstanding fiat withdrawals, the incident is resolved

Started
Aug 25, 2026, 11:00 PM UTC
Resolved
Aug 26, 2026, 01:29 AM UTC
Duration
2h 28m
Detected by Pingoru
Aug 25, 2026, 11:00 PM UTC

Affected components

Fiat TransfersFiat Transfers

Update timeline

  1. 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.

  2. resolved Aug 26, 2026, 01:29 AM UTC

    Our banking partner has processed the outstanding fiat withdrawals, the incident is resolved

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