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Hackers Exploited Ethereum Bridge Contract to Drain Full Balance from Payy Network
Payy Network has confirmed that attackers exploited its Ethereum bridge contract and drained the contract’s entire balance, forcing the stablecoin payments platform to suspend network and wallet functions. According to a public statement from Payy, the incident occurred at approximately 4:21 UTC on September 24. The affected bridge contract supported transfers between Ethereum and the […] The post Hackers Exploited Ethereum Bridge Contract to Drain Full Balance from Payy Network appeared first on Cyber Security News.
Payy Network has confirmed that attackers exploited its Ethereum bridge contract and drained the contract’s entire balance, forcing the stablecoin payments platform to suspend network and wallet functions. According to a public statement from Payy, the incident occurred at approximately 4:21 UTC on September 24. The affected bridge contract supported transfers between Ethereum and the Payy Network. Blockchain…
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