Payy bridge exploit freezes crypto cards and transfers
- —Payy's Ethereum bridge was exploited on Sept. 24 at 4:21 a.m. UTC
- —1,832,149.4681 USDC left a Payy rollup contract in block 26044909
- —Deposits, withdrawals, transfers and card purchases are paused
- —No restoration timeline or customer-loss figure was provided
Why it matters: The incident highlights that stablecoin bridges remain a weak point, and the freeze hits everyday card payments, not just transfers.
Source: CryptoSlate