A $300 Trillion Crypto Error Just Exposed the Industry's Biggest Weakness—And Its Surprising Strength

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Paxos accidentally minted $300 trillion in stablecoins on Oct. 17, more than double the world's GDP. The error was quickly caught and reversed within minutes, with no impact on customer funds, highlighting both the fragility and resilience of crypto infrastructure. The Anatomy of a Near-Catastrophic Mistake CEO Chad Cascarilla told CNBC the error was a “manual mistake” involving control systems that separ ...