$1.83M in USDC Drained From Payy Network's Ethereum Rollup Contract
- —Transaction confirmed in Ethereum block 26044909 at 04:21 UTC on September 24, 2026
- —1,832,149.4681 USDC moved out of address 0x367c...5270
- —The bulk, 1,828,589.3781 USDC, went to address 0xAa49...7E70
- —Specter says funds were routed via Railgun and swapped into ETH
Why it matters: The incident raises doubts about the security of privacy payment networks and the safety of user stablecoin deposits.
Source: The Crypto Times