Paxos: An error during internal transfers led to the over-minting of additional PYUSD, which has already been destroyed; no security vulnerabilities exist.
Jinse Finance reported that Paxos stated, "During an internal transfer process, an excess amount of PYUSD was mistakenly minted. Paxos immediately detected the error and destroyed the surplus PYUSD. This was an internal technical error, not a security vulnerability. Customer funds are safe, and we have already addressed the root cause." Previous reports indicated that Paxos minted 300 trillion PYUSD and destroyed it 20 minutes later.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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