News Heat Trend
Project Overview
Payy is a privacy-first stablecoin blockchain that provides privacy protection for stablecoin payments and financial activities. Payy makes it easy and convenient to integrate stablecoins with payments, thereby promoting widespread adoption by consumers and businesses.
Payy confirms Ethereum bridge contract was hacked, with losses of approximately $1.8 million.
Privacy stablecoin payment network Payy Network has confirmed that its cross-chain contract on Ethereum was hacked, resulting in the theft of its entire balance. The investigation is ongoing, and all Payy Network transactions have been suspended, including deposits, withdrawals, transfers, and card transactions. Payy has notified law enforcement authorities and is collaborating with multiple incident response organizations. Previously reported, according to monitoring by Specter Investigation, Payy Network was suspected to have been hacked, with approximately 1.8 million USDC transferred out.
Specter: A MetaMask Swap Router Contract Address Has Been Blacklisted by Tether Since 2021
blockchain security researcher Specter has stated that while investigating the Payy Network attack incident, he discovered that an address associated with a MetaMask Swap router contract was blacklisted by Tether in 2021 and has remained blacklisted ever since. Specter said he had not previously noticed this situation.
Payy confirms Ethereum bridge contract was hacked, with losses of approximately $1.8 million.
Privacy stablecoin payment network Payy Network has confirmed that its cross-chain contract on Ethereum was hacked, resulting in the theft of its entire balance. The investigation is ongoing, and all Payy Network transactions have been suspended, including deposits, withdrawals, transfers, and card transactions. Payy has notified law enforcement authorities and is collaborating with multiple incident response organizations. Previously reported, according to monitoring by Specter Investigation, Payy Network was suspected to have been hacked, with approximately 1.8 million USDC transferred out.
Specter: A MetaMask Swap Router Contract Address Has Been Blacklisted by Tether Since 2021
blockchain security researcher Specter has stated that while investigating the Payy Network attack incident, he discovered that an address associated with a MetaMask Swap router contract was blacklisted by Tether in 2021 and has remained blacklisted ever since. Specter said he had not previously noticed this situation.
Approximately 1.8 million USDC was transferred away, privacy stablecoin payment network Payy Network suspected of being attacked
according to monitoring, the attacker initially obtained seed funding through the privacy protocol Railgun, then swapped the stolen USDC for ETH and distributed the funds across 3 addresses.
Related news
Payy confirms Ethereum bridge contract was hacked, with losses of approximately $1.8 million.
Privacy stablecoin payment network Payy Network has confirmed that its cross-chain contract on Ethereum was hacked, resulting in the theft of its entire balance. The investigation is ongoing, and all Payy Network transactions have been suspended, including deposits, withdrawals, transfers, and card transactions. Payy has notified law enforcement authorities and is collaborating with multiple incident response organizations. Previously reported, according to monitoring by Specter Investigation, Payy Network was suspected to have been hacked, with approximately 1.8 million USDC transferred out.
Specter: A MetaMask Swap Router Contract Address Has Been Blacklisted by Tether Since 2021
blockchain security researcher Specter has stated that while investigating the Payy Network attack incident, he discovered that an address associated with a MetaMask Swap router contract was blacklisted by Tether in 2021 and has remained blacklisted ever since. Specter said he had not previously noticed this situation.
Approximately 1.8 million USDC was transferred away, privacy stablecoin payment network Payy Network suspected of being attacked
according to monitoring, the attacker initially obtained seed funding through the privacy protocol Railgun, then swapped the stolen USDC for ETH and distributed the funds across 3 addresses.