Payy Suspends Transactions After $1.92M USDC Bridge Exploit
Privacy-focused payments network Payy halted transactions on Sept. 24 after an Ethereum bridge exploit drained approximately 1.92 million USDC.
Payy suspended transactions on Sept. 24 following an exploit targeting its Ethereum bridge. The network focuses on privacy-oriented stablecoin payments.
Onchain records indicate that approximately 1.92 million USDC was withdrawn in two batches. Both transfers went to a single address linked to the attacker.
Payy confirmed the attack, according to The Defiant. The available report did not provide further details on the vulnerability or when transactions might resume.
Source: The Defiant
