Paxos: Has stopped using Silvergate accounts and the SEN network since last week
ChainCatcher news, stablecoin issuer Paxos official Twitter stated: there has been almost no contact with Silvergate, they stopped using the SEN network connection last week, and have cut off wire transfers to Silvergate accounts. As a regulated institution, Paxos has always focused on protecting customer funds, so the platform is built with banking redundancy. (Source link)
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