PayPal Crypto Glitch: $300B Error Sparks Concern
Technical Glitch Unleashes $300 Billion in Erroneous PayPal Cryptocurrency A significant technical error at Paxos Trust Company, a financial institution partnering with PayPal, resulted in the creation of $300 billion worth of a new cryptocurrency, PayPal USD (PYUSD). The newly minted digital currency, exceeding the market capitalization of many established cryptocurrencies, was subsequently “burned” – … Read more