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Security The Defiant

Payy Halts Network After $1.92 Million USDC Drain

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-...

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Payy Halts Network After $1.92 Million USDC Drain
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

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USD Coin is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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