[Payy Network Officially Confirms Hack, Cross-Chain Contract on Ethereum Attacked] BlockBeats News, September 24: The privacy stablecoin payment network Payy Network has officially confirmed that its cross-chain contract on Ethereum was attacked, resulting in the theft of its entire balance. The investigation is still ongoing, and all transactions on Payy Network have been suspended, including deposits, withdrawals, and transfers. Payy has notified law enforcement and is cooperating with multiple incident response organizations. Earlier today, according to monitoring by Specter Investigation, the privacy stablecoin payment network Payy Network was suspected of being attacked, with approximately 1.8 million USDC stolen. The attacker initially obtained funding through the privacy protocol Railgun, then converted the stolen USDC into ETH and dispersed the funds across three addresses. [Original Link]