DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Paxos' Trillion-Dollar Blunder: A Crypto Security Wake-Up Call
Paxos' Trillion-Dollar Blunder: A Crypto Security Wake-Up Call

Paxos' Trillion-Dollar Blunder: A Crypto Security Wake-Up Call

Update: 2025-10-23
Share

Description

Paxos CEO reveals a $300 trillion stablecoin blunder! Find out how a simple calculation error led to the accidental minting of more than double the world's economy in PayPal's stablecoin, and why this high-profile slip-up could jeopardize Paxos' chances of securing a federal banking charter. Was it a security lapse or a blockchain stress test?

The Daily News Now! — Every city. Every story. AI-powered.


Hosted on Acast. See acast.com/privacy for more information.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Paxos' Trillion-Dollar Blunder: A Crypto Security Wake-Up Call

Paxos' Trillion-Dollar Blunder: A Crypto Security Wake-Up Call