CoinScoopPayy halts operations after $1.92 million USDC drained in bridge exploit
Payy, a privacy-focused stablecoin payments network, suspended transactions on Sept. 24 following an exploit of its Ethereum bridge. On-chain data shows two withdrawal batches transferring approximately 1.92 million USDC to an address linked to the attacker. The company confirmed the incident and halted all network operations.
Summaries are written by AI from the original article. Not investment advice.