Security
Payy Halts Network After $1.92 Million USDC Drain
The Defiant·September 24, 2026·1 min read
Payy halted its network after a $1.92 million USDC drain. The initial proceeds were converted into about 683 ETH, with most then sent to three wallets. Payy has paused deposits, withdrawals, and card payments to mitigate further losses. The incident underscores ongoing security challenges in the crypto ecosystem.
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