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Home›Crypto›Market Structure›Payy halts deposits, withdrawals, and card payments af…

Payy halts deposits, withdrawals, and card payments after USDC drain

The Defiant reports that initial proceeds were converted into about 683 ETH and most funds were sent to three wallets before Payy paused services.

Reported · Written up by our desk · Market Structure

Crypto payments platform Payy has paused deposits, withdrawals, and card payments after what The Defiant describes as a USDC drain of $1.92 million.

According to The Defiant, the initial proceeds were converted into about 683 ETH, and most of those funds were then sent to three wallets.

Latest closeEthereum $2,687.51 ▲0.1%

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Sources

The DefiantPayy Halts Network After $1.92 Million USDC Drain

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