TechPayy freezes crypto cards after Ethereum bridge exploit; customer losses unclear
Payy froze its stablecoin payment network after saying its Ethereum bridge contract was exploited and drained on Sept. 24. Deposits, withdrawals, transfers and card purchases are paused. A reported transaction showed about $1.83 million in USDC leaving a Payy rollup contract, but the company has not disclosed customer losses, the technical cause or a restoration timetable.
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CryptoSlate★★☆☆☆2026-09-25 07:10Original
Payy freezes crypto cards after Ethereum bridge exploit; customer losses unclear
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