🚨 PAYY NETWORK CONTRACT EXPLOITED AS 1.8M $USDC IS CONVERTED TO $ETH ! 🩸
Security vulnerability in Payy Network's cross-chain contract led to an unauthorized drain of 1.8M $USDC on Ethereum. 🚨 The exploit vector involved initial gas funding via Railgun privacy protocol prior to execution.
The attacker immediately swapped the stolen $USDC into $ETH , dispersing assets across three distinct wallet addresses to obfuscate order flow. 🔍 All network operations, deposits, and withdrawals remain suspended while law enforcement and forensics teams inspect the footprint.
💬 How will this breach impact cross-chain liquidity confidence across privacy-focused payment networks? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #USDC #ETH #CryptoSecurity #DeFi #Ethereum
🚨 🛡️
Security vulnerability in Payy Network's cross-chain contract led to an unauthorized drain of 1.8M $USDC on Ethereum. 🚨 The exploit vector involved initial gas funding via Railgun privacy protocol prior to execution.
The attacker immediately swapped the stolen $USDC into $ETH , dispersing assets across three distinct wallet addresses to obfuscate order flow. 🔍 All network operations, deposits, and withdrawals remain suspended while law enforcement and forensics teams inspect the footprint.
💬 How will this breach impact cross-chain liquidity confidence across privacy-focused payment networks? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #USDC #ETH #CryptoSecurity #DeFi #Ethereum
🚨 🛡️