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It Wasn’t PayPal—Paxos Fat Fingered $510,000 Bitcoin Transaction

September 14, 2023

It Wasn’t PayPal—Paxos Fat Fingered $510,000 Bitcoin Transaction

A seemingly routine cryptocurrency transaction led to a shocking outcome—one that resulted in financial losses and loss of trust. Paxos, a digital asset financial services company, mistakenly sent $510,000 of Bitcoin to another account.