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Paxos has urgently burned 300 trillion mistakenly minted PYUSD tokens.

4 hours ago

On October 16th, as per Cointelegraph, the stablecoin issuer Paxos minted and burned 300 trillion PayPal USD (PYUSD) stablecoins within just 30 minutes this morning. This has left many crypto users perplexed. After this minting and burning event, Omer Goldberg, the founder of Chaos Labs, posted on X on Wednesday, stating that Aave will temporarily halt PYUSD transactions due to an "unusually large-scale incident" related to the minting and burning of the stablecoin. Ethereum on-chain data indicates that Paxos minted 300 trillion USD-backed stablecoins this morning. Then, 22 minutes later, it sent all these tokens to an inaccessible blackhole wallet address, completing the burning operation.
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ZEROBASE Token Airdrop Season 1 will open for claiming tomorrow at 8:00 PM

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Binance will adjust the minimum price movement unit for BAS and CLO contracts

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Shanghai Asset Management Association Issues Blockchain-based Digital Certificates to the First Batch of AIAM Professionals

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Bitget has launched the U-based RECALL perpetual contract, with leverage ranging from 1 to 50x.

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KiloEx Announces Burning of Over 13.41 Million KILO Tokens

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Jupiter Mobile Wallet now supports pre-querying Meteora airdrop eligibility and allows for address import.

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