Payy Suspends Entire Payment Network After Ethereum Bridge Exploit Sends Nearly $1.92 Million USDC Away
Payy halted deposits, withdrawals, transfers and card payments after an attacker exploited its Ethereum bridge on 24 September and drained its funds. Onchain data shows about 1.92 million USDC was sent to an attacker-linked wallet, while Payy has yet to confirm the total loss or a recovery plan.
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