🚨 $USDC DRAINS AS PAYY NETWORK FACES SUSPECTED $1.8M EXPLOIT! 💣
Specter Investigation flagged a silent liquidity drain on Payy Network involving roughly 1.8M in $USDC . 🔍 The exploit footprint traces back to initial funding via Railgun privacy routing, where stolen assets were rapidly swapped into $ETH before being split across three fresh destination wallets. 📊
This textbook obfuscation path highlights how bad actors leverage privacy layers to mask capital movement right before dispersal. 💡 When capital moves through mixer protocols into layer one base assets, secondary selling pressure often manifests across decentralized pools. 💬 How closely are you tracking on-chain flow when routing your stablecoin yield? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #USDC #ETH #CryptoSecurity #OnChain #DeFi
🚨 🛡️
Specter Investigation flagged a silent liquidity drain on Payy Network involving roughly 1.8M in $USDC . 🔍 The exploit footprint traces back to initial funding via Railgun privacy routing, where stolen assets were rapidly swapped into $ETH before being split across three fresh destination wallets. 📊
This textbook obfuscation path highlights how bad actors leverage privacy layers to mask capital movement right before dispersal. 💡 When capital moves through mixer protocols into layer one base assets, secondary selling pressure often manifests across decentralized pools. 💬 How closely are you tracking on-chain flow when routing your stablecoin yield? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #USDC #ETH #CryptoSecurity #OnChain #DeFi
🚨 🛡️