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Payy halts network after $1.92M USDC stolen and converted to ETH, suspending all payments.

Market News
24 Sep 2026
Tokenpost
View Source
Bearish
Payy halts network after $1.92M USDC stolen and converted to ETH, suspending all payments.

Payy has paused its network operations after $1.92 million worth of USD Coin (USDC) was drained and converted into approximately 683 Ether (ETH). The stolen funds were then transferred to three separate wallets. Due to this security breach, Payy has suspended all network services, including deposits, withdrawals, and card payments. This pause aims to prevent further losses while the situation is investigated and resolved.

Payy network pause follows a $1.92 million USDC drain. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 24, 2026 23:22 WIB: 43 of 50 major cryptocurrencies rose today. Notable movers include ONE at Rp45 with a -15.82% change, BAL at Rp16.297 up 11.14%, and COMP at Rp427.479 up 9.31%.

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