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Paxos acquired the New York encryption wallet startup Fordefi for over $100 million.
Odaily News Paxos, a cryptocurrency payment infrastructure company, announced the acquisition of New York-based crypto wallet startup Fordefi, with a transaction amount exceeding $100 million. Fordefi focuses on providing cryptocurrency wallet solutions designed for Decentralized Finance (DeFi) and currently has about 40 employees, serving around 300 clients. (Fortune)