Pay opens claims for Ethereum bridge hack victims, wallet to shut in 30 days
- —About $1.92 million in user deposits was drained from Pay's Ethereum bridge
- —Claims window runs 30 days, with payouts in USDC on Ethereum
- —The Pay wallet will be permanently shut after the claims period
- —Users must enter their wallet seed phrase to file a claim
Why it matters: Requiring a seed phrase to claim compensation raises security concerns, while the wallet shutdown marks the end of the service.
Source: TokenPost