The Payy Network, a stablecoin infrastructure company, disclosed that a <button class="define-target" id="bridge">bridge</button> <button class="define-target" id="smart-contract">contract</button> had been fully drained of funds, netting attackers $1.8&nbsp;million. They later stated that the theft was "NOT a compromised key, social engineering or exploit of our off-chain infrastructure," but has not disclosed what it was. They also announced that the stolen funds were "users' non-custodial deposits to Payy Network / Payy Wallet", which is somewhat of an oxymoron.<p>Payy Network has halted all activity following the attack.</p>

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