Attackers Drain Payy Network After Exploiting Ethereum Bridge Contract
Attackers exploited Payy Network's Ethereum bridge and drained its full balance, forcing a service suspension.
Payy Network confirmed that an attacker exploited its Ethereum bridge contract around 04:21 UTC on September 24, 2026, and drained the contract's full balance. The company suspended the network and wallet, including deposits, withdrawals, transfers, and card transactions. Payy said the stolen assets were users' non-custodial deposits but has not disclosed the amount, attacker addresses, transaction hashes, or root cause. It notified law enforcement, exchanges, and blockchain analytics firms while tracing the funds.
46