BlockBeats news, September 24: Privacy stablecoin payment network Payy Network has officially confirmed that its cross-chain contract on Ethereum was attacked, and its entire balance was stolen. The investigation is still ongoing, and all transactions on Payy Network have been suspended, including deposits, withdrawals, and transfers. Payy has notified law enforcement and is collaborating with multiple incident response organizations.Earlier today, according to monitoring by Specter Investigation, privacy stablecoin payment network Payy Network was suspected to have been attacked, with approximately 1.8 million USDC transferred out. The attacker had previously obtained initial funding through the privacy protocol Railgun, then exchanged the stolen USDC for ETH and dispersed the funds to 3 addresses.