Payy bridge exploit freezes crypto cards, and no balances remain safe
Summary
Payy froze its stablecoin network, including deposits, withdrawals, transfers and card purchases, after an Ethereum bridge exploit on Sept. 24. An Ethereum transaction showed 1,832,149.4681 USDC leaving a Payy rollup contract, but the company has not disclosed the total loss, technical cause, customer impact or when services will resume. Payy said it is investigating and will provide updates.
