Payy Network is suspected to have been attacked, with approximately 1800000 USD USDC transferred away
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AT A GLANCE
Payy Network Suspected attack, approximately 1800000 USDC was transferred and dispersed across 3 addresses.
Article
Privacy stablecoin payment network Payy Network suspected hacked 1800000 USD BlockBeats reported,September 24, according to monitoring by Specter Investigation, the privacy stablecoin payment network Payy Network is suspected to have been attacked, with approximately 1800000 USDC transferred away. The attacker previously obtained initial funds through the privacy protocol Railgun, then exchanged the stolen USDC for ETH, and dispersed the funds across 3 addresses.
Original link https://m.theblockbeats.info/flash/368815
Key points
01
BlockBeats reported that September 24 according to monitoring by Specter Investigation,Payy Network is suspected to have been attacked.
02
Approximately 1800000 USDC was transferred away.
03
The attacker previously obtained initial funds through the privacy protocol Railgun.
04
The transferred USDC was then exchanged for ETH, and distributed across 3 addresses.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an unverified security incident report. Monitoring indicates that Payy Network an attack may have occurred, and the related funds were transferred, exchanged, and dispersed across multiple addresses.
Why it matters to readers
If true, the incident involved approximately 1800000 USDC in fund transfers, which could affect users’ assessment of Payy Network security.
Stablecoins are typically used for payments and transfers; when related funds are suspected to have been transferred away, users need to await further confirmation from the project team or security organizations.
Risks and unknowns
The evidence is described only as “suspected”; it has not been confirmed whether an attack actually occurred.
The evidence does not state the cause of the vulnerability, the final loss amount, or whether the funds can be recovered.
The evidence does not provide Payy Network confirmation from an independent security organization.
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Related concepts
Stablecoins
A class of interchangeable crypto assets that anchor to the same underlying value across entities; examples in the text include USDT and USDC。
