$1.8M Stolen from Payy Network's Ethereum Bridge After Exploit

Payy Network suspended all transactions on September 24 after an attacker exploited its Ethereum bridge and drained $1.83 million.

The attack occurred at 4:21 UTC, when the attacker gained access to the Payy bridge contract on Ethereum.

Paylor, the company behind Payy Network, is investigating the breach and has followed its incident-response procedures.

The investigation is ongoing, with Payy working with law enforcement and outside organizations to assess the impact of the exploit.