Stablecoin issuer Paxos said it mistakenly minted $300 trillion of PayPal Holdings Inc.’s PYUSD stablecoin Wednesday before burning the tokens minutes later.
The transactions were visible on Etherscan, the popular block explorer and analytics platform for the Ethereum blockchain that allows users to search and view all data on the network. A representative for Paxos pointed to the company’s tweet on X about the incident. Representatives for PayPal didn’t immediately return a request for comment.
Plenty of so-called fat-finger errors have happened in crypto before. Many of them, such as when someone sends cryptocurrency like Bitcoin to someone else, …
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