Approximately $1.8 million lost, Payy initiates claims process for cross-chain bridge contract exploit incident

Odaily News: Payy has initiated a claims process for affected users following the cross-chain bridge contract exploit on September 24, with a 30-day claim application window. Compliant claims will be compensated in USDC on the Ethereum network. Payy Wallet is currently suspended and will be fully shut down after the claims window closes. Previously, Payy's cross-chain bridge contract on Ethereum was attacked, with all funds in the contract drained, resulting in losses of approximately $1.8 million.