Paxos froze 1,906.67 PAXG in a wallet linked to a reported Binance security incident, according to a BlockBeats report citing a Paxos social-media post.
Freeze details
The report identified the wallet as 0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c. Paxos said its systems were unaffected, its PAXG, PYUSD and USDG reserves remained intact, and redemptions continued normally.
Attribution and limits
The report described blockchain analysis indicating that PAXG held on Binance moved to addresses suspected to belong to an attacker. The original Paxos post and a Binance announcement were not independently retrieved for this brief, so the incident and wallet attribution remain reported claims.
Source: BlockBeats report, published October 30, 2026 (China time).