đš PAYY NETWORK EXPLOITED AS 1.8M $USDC SWAPPED TO $ETH AND DISPERSED! đŁ
The privacy payment protocol suffered a total balance drain after an attacker breached its cross-chain contract on Ethereum. On-chain tracking shows roughly 1.8M $USDC was laundered through Railgun, converted directly into $ETH , and split across three fresh addresses. đ
All operations, deposits, and transfers remain completely frozen while incident response teams and law enforcement step in. đš Liquidity sweeps of this nature serve as a stark reminder of the persistent security risks embedded in cross-chain smart contracts. đĄ
đ€ Do security breaches like this change how you manage your exposure to cross-chain privacy protocols?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #USDC #ETH #CryptoNews #Security #Exploit
đš đ
The privacy payment protocol suffered a total balance drain after an attacker breached its cross-chain contract on Ethereum. On-chain tracking shows roughly 1.8M $USDC was laundered through Railgun, converted directly into $ETH , and split across three fresh addresses. đ
All operations, deposits, and transfers remain completely frozen while incident response teams and law enforcement step in. đš Liquidity sweeps of this nature serve as a stark reminder of the persistent security risks embedded in cross-chain smart contracts. đĄ
đ€ Do security breaches like this change how you manage your exposure to cross-chain privacy protocols?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #USDC #ETH #CryptoNews #Security #Exploit
đš đ