Paxos, the veteran stablecoin and blockchain infrastructure firm, is leaning further into DeFi. On Tuesday, the company announced that it had acquired Fordefi, a New York-based startup that helps ...

Paxos Trust Company LLC has acquired Fordefi Inc., a startup with a crypto wallet platform used by more than 200 institutional investors. Fortune reported on Tuesday that the deal is worth more than ...

Fordefi's MPC-based wallet technology will integrate into Paxos' custody infrastructure while maintaining independent operations. The acquisition marks Paxos' second purchase in a year, following its ...

Digital asset infrastructure firm Paxos said Tuesday it has acquired Fordefi, a wallet provider startup, a move aimed at strengthening its custody offering as institutional adoption accelerates. The ...

Paxos has taken its next step in multi-chain stablecoin infrastructure with a targeted launch across key networks. Paxos has named three fast-rising networks as the first venues for its new omnichain ...

Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an "internal technical error" that never left its systems. The ...

Paxos CEO Charles Cascarilla addressed the $300 trillion stablecoin minting error, emphasizing the importance of blockchain transparency. A manual security lapse caused the error, and the tokens were ...

Paxos accidentally minted $300 trillion of PayPal's stablecoin. It's not clear how the firm made such a colossal mistake. The firm applied for a banking charter in August. Paxos’ erroneous creation of ...

Paxos mistakenly minted $300 trillion worth of PayPal USD (PYUSD) stablecoins on Ethereum before burning them within minutes. The company attributed the issue to an ...

Whale alerts began to blare across the cryptosphere yesterday after Paxos minted 300 trillion of PayPal’s stablecoin, PYUSD, valued at over double global GDP. The tokens were burned 22 minutes later, ...

Paxos mistakenly minted $300 trillion in PYUSD, prompting NYDFS scrutiny and renewed concern over human error in stablecoin collateral systems. The overmint was ...

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