According to monitoring by Specter Investigation, the privacy-focused stablecoin payment network Payy Network is suspected to have been attacked, with approximately 1.8 million USDC transferred out. The attacker initially obtained funds through the privacy protocol Railgun, then swapped the stolen USDC for ETH and distributed the funds across three addresses. Payy Network is a privacy-oriented ZK Rollup built on Ethereum, primarily targeting stablecoin payments. It has previously raised around $8 million in funding, with investors including FirstMark Capital, Robot Ventures, and DBA Crypto. As of now, there has been no official confirmation from Payy regarding this incident, and the specific cause of the attack and the final losses are still pending further verification. https://www.(wublock123.com)/news/payy-privacy-stablecoin-network-180k-usd-hack-68935