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Payy Pauses Network After $1.92 Million USDC Drain
The funds were converted into about 683 ETH, with most later sent to three wallets. Deposits, withdrawals and card payments are paused.
Mentioned assets
Payy has paused network operations after a $1.92 million drain of USD Coin (USDC), with the funds converted into about 683 Ether (ETH) and network services suspended.
The pause covers deposits, withdrawals and card payments. Most of the converted ETH was later sent to three wallets.
The sequence involved an initial USDC drain, a conversion into ETH and subsequent wallet transfers. Payy’s network operations remain paused, including deposits, withdrawals and card payments.
