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Paxos Client, + U3 z7 O7 F. g/ B
: I" N+ Q6 {9 |% XIn light of recent developments with Silvergate Bank, Paxos is discontinuing all SEN transfers and wires to our Silvergate account. This is effective immediately. Paxos will continue to process all outgoing payments. : _3 C4 R$ _7 ^. c+ Y . Y% w# R# Q$ L' X- j2 l/ V2 H
Please note, Paxos does not have any material exposure to Silvergate. Paxos’ priority has always been the protection of its customers’ funds and assets, and as such we leverage a diverse network of banking partners. 5 N) f" J# w5 L# w1 z2 t! l1 }$ m
% R4 U$ ]5 v( q0 X; ?2 yWe will share more when we have additional details. : ~' b) ~0 y M4 S1 u+ l/ C ; I \! {* O0 `5 F- W, T
Team Paxos V& ]4 q0 B# x# } & `9 b/ e2 a- n% t& H3 P% c7 U5 R+ s