Add as a preferred source on GooglePayy Opens 30-Day Claims Process After Bridge Attack, Plans Wallet Shutdown
The Ethereum bridge contract was attacked Sept. 24, and Payy says affected users must submit wallet seed phrases to verify balances.
Payy has opened a 30-day claims process for users affected by a Sept. 24 attack on its Ethereum bridge contract and plans to shut down Payy Wallet after the claims window ends.
The bridge contract was attacked at 4:21 a.m. UTC on Sept. 24, or 12:21 a.m. ET, leaving its balance fully drained. Payy subsequently suspended all Payy Network transactions, including deposits and withdrawals.
Eligible claims will be paid in USDC on Ethereum. Payy Wallet is currently suspended and will be fully shut down once the 30-day claims period ends.
The claims form requires users to submit their Payy Wallet seed phrases. Payy says its privacy architecture means the phrase is needed to verify the balance associated with each wallet.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.