Crypto
Payy Bridge Exploited, Freezing Transactions Worth Over $1.8 Million
Payy's Ethereum bridge was exploited on September 24th, resulting in the loss of approximately $1.83 million in USDC from its contract.
The company has frozen all transactions, including deposits, withdrawals, transfers, and card payments, while it investigates the incident.
A single transaction moved 1.832 million USDC out of the Payy rollup contract at block 26044909 at 4:21:23 a.m. UTC on September 24th.