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Payy Halts Network After $1.92 Million USDC Drain

The Defiant · · Security · Ethereum · DeFi

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......

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