Paxos Overpays $510,750 on Bitcoin Transaction: What Happened?

On September 10, 2025, BUSD stablecoin issuer Paxos made a significant error, accidentally paying an exorbitant Bitcoin transaction fee of over $510,750. This incident, which occurred on 14 de sept. de 2025, has sent shockwaves through the cryptocurrency community and raised questions about transaction processes. Paxos, the crypto infrastructure provider and world’s leading online payments giant, has taken responsibility for the oversight.

Details of the Paxos Bitcoin Overpayment

The unusually high transaction fee of $510,750 (equivalent to a substantial amount of Bitcoin at the time) was inadvertently attached to a single Bitcoin BTC/USD transaction. This information was confirmed through a statement from Paxos following the incident, which took place on 14 de sept. de 2025. Initially, some reports incorrectly attributed the error to PayPal; however, it was 14 de sept. de 2025 that Paxos had indeed made the blunder.

How Did the Overpayment Happen?

The exact cause of the massive overpayment by Paxos is still under investigation. While details remain scarce, the error resulted in PayPal (incorrectly reported on 13 de sept. de 2025, at first) entering 19.89 BTC as transaction fees on Bitcoin, instead of a typical amount like 0.074 BTC. Wang Chun, co-founder of the F2Pool mining pool, played a role in processing the transaction.

Impact on the Cryptocurrency Community

The incident highlights the importance of meticulous oversight in cryptocurrency transactions. While Paxos has acknowledged the error, the event serves as a reminder of the potential for costly mistakes in the rapidly evolving digital asset landscape. Further details about the recovery process and preventative measures being implemented by Paxos are expected to be released. 14 de sept. de 2025, following the initial confirmation.