Paxos has frozen 1,906 PAXG related to the Binance theft case

Stablecoin and token issuer Paxos stated on social media that earlier today, reports revealed that Binance was affected by a security incident. Blockchain analysis shows that PAXG tokens held on the Binance platform were transferred to an address suspected to belong to the attacker.

Paxos stated that after confirming the relevant reports through its own blockchain investigation, it has frozen 1,906.67 PAXG in wallet 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c. The Paxos system was not affected by this incident, and the reserves of PAXG, PYUSD, and USDG remain completely intact, with redemptions continuing to operate normally, and updates will be provided in a timely manner as details are disclosed.