Digital Asset
Intelligence
Security Incident · ETH Ecosystem

Payy Network Smart Contract Vulnerability: $1.83M Reported Loss

·Historical incident record

Incident Overview

Payy’s Ethereum bridge contract was exploited and fully drained, with about 1,832,149 USDC leaving the contract. Payy said the stolen funds were users’ non-custodial deposits to Payy Network / Payy Wallet, paused all transactions, and said it is working on fund retrieval and a root-cause analysis.

Sources & References

Original incident referencehttps://x.com/payy_link/status/2103123293687419136 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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