Paid: X Money payments are currently paused, and the relevant payment issues are being addressed

Odaily reports that Paid posted on X stating that X Money payments are currently paused, and the team is working to resolve the related payment issues. Users' existing balances remain safe, and the relevant fees will continue to accrue.

Paid stated that before fully restoring payment services, it will soon launch a webpage portal for claiming funds as a temporary solution and is working to restore payment services as quickly as possible.

According to GMGN data, PAID's market cap has now fallen to $26.7 million, having previously peaked at $53.3 million, with a 24-hour decline of over 22%.