TechFlow reports, according to Cointelegraph, that stablecoin issuer Paxos acknowledged in a statement that the account responsible for paying nearly 20 BTC in fees during a single transaction on the early morning of September 11 belongs to the company. Paxos claimed end users were unaffected and all user funds remain secure.
Prior to this statement, users on the X platform speculated that PayPal might be responsible for the transaction, as analysis platform OXT had identified related wallet addresses belonging to PayPal. A Paxos spokesperson stated: "PayPal bears no responsibility, as this error was entirely caused by Paxos. This transaction impacted Paxos' internal operations, but Paxos customers and end users were not affected, and all customer funds are safe. The incident resulted from a vulnerability in a single transfer, which has now been fixed. Paxos is contacting miners to recover the funds."
The block containing the transaction has already been confirmed by the Bitcoin mining pool F2Pool. F2Pool's co-founder previously stated that the nearly 20 BTC from the anomalous transaction would be temporarily held, and if unclaimed, would be redistributed to miners.
