Payy, a privacy-focused stablecoin payments network, halted transactions on Sept. 24 after an exploit of its Ethereum bridge. Onchain records show two withdrawal batches sent about 1.92 million USDC to the same attacker-linked address. The company confirmed the attack and said “all Payy Network... Read the full story at The Defiant
Crypto
Payy Halts Network After $1.92 Million USDC Drain
The initial proceeds were converted into about 683 ETH, with most then sent to three wallets. Payy has paused deposits, withdrawals and card payments.
