Privacy stablecoin payment network Payy Network confirmed that its cross-chain contract on Ethereum was attacked and that all of its balance was stolen. According to Foresight News, the investigation is still ongoing, and all Payy Network transactions have been suspended, including deposits, withdrawals, transfers, and card transactions.

Payy has notified law enforcement and is working with multiple incident response organizations. Foresight News previously reported that Specter Investigation monitored a suspected attack on Payy Network today, with about 1.8 million USDC transferred out.