Payy Opens Claims After $1.8 Million Cross-Chain Bridge Exploit

Payy is accepting claims from users affected by a Sept. 24 attack on its Ethereum bridge after losses of about $1.8 million, with eligible payouts in USDC. The incident emptied the funds held in the bridge contract on Ethereum. Affected users can submit claims during the 30-day application period. Payy Wallet remains suspended and will shut down completely after the claims window closes. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.