#Payy suspected hacked
Privacy stablecoin payment network Payy Network is suspected to have been attacked, with approximately 1.8 million USDC transferred out. The attacker converted the funds to $ETH and distributed them across 3 addresses. As of the information currently available, there has been no official confirmation from Payy regarding this incident, and the attack motive and final losses are still to be verified.
Payy is a privacy-oriented ZK Rollup built on Ethereum, focused on stablecoin payments. In projects like this, privacy and fund flows are tightly linked, making it even harder to trace and freeze funds when something goes wrong. What’s truly worth watching is whether the official side has confirmed the incident, and how the 1.8 million $USDC is characterized—if there’s no response for a long time, the narrative around similar privacy payment projects may be repriced.
$NEAR
Privacy stablecoin payment network Payy Network is suspected to have been attacked, with approximately 1.8 million USDC transferred out. The attacker converted the funds to $ETH and distributed them across 3 addresses. As of the information currently available, there has been no official confirmation from Payy regarding this incident, and the attack motive and final losses are still to be verified.
Payy is a privacy-oriented ZK Rollup built on Ethereum, focused on stablecoin payments. In projects like this, privacy and fund flows are tightly linked, making it even harder to trace and freeze funds when something goes wrong. What’s truly worth watching is whether the official side has confirmed the incident, and how the 1.8 million $USDC is characterized—if there’s no response for a long time, the narrative around similar privacy payment projects may be repriced.
$NEAR
