payy

According to Specter Investigation monitoring, the privacy stablecoin payment network Payy Network is suspected to have been attacked, with approximately 1.8 million USDC transferred away.The attacker previously obtained initial funds through the privacy protocol Railgun, then exchanged the stolen USDC for ETH and dispersed the funds to three addresses.

According to The Block, the stablecoin startup Payy has completed a $6 million seed round of financing, led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. The financing is structured as a SAFE agreement with token warrants, and this round was completed in December of last year. To date, Payy has raised a total of $8 million.Payy was originally named Polybase and is a Web3 database project that transitioned into a stablecoin payment platform in 2023.

ChainCatcher news, according to dynamic data from RootData X, in the past 24 hours:The crypto payment application Payy has attracted attention from DeFi analyst Ignas, Bitcoin developer icebergy, and cryptocurrency trader Alex Wice.The physical asset investment platform JarsyInc has garnered interest from crypto YouTuber Block Mr. and Chinese KOL Feng Wuxiang.The contract collaboration terminal Herd has caught the eye of DBA co-founder Jon Charbonneau and PartyDAO core contributor Steve Klebanoff.The on-chain reinsurance company OnRe has attracted attention from Blockworks data director Daniel Smith and former RISC Zero co-founder and CEO Brian Retford.The crypto-native research and development company Temporal has garnered interest from cryptocurrency researcher Hasu and O.LAB founder and CEO Forrest L.