727 FinancePANews October 13 news: According to a disclosure from Payy's official X account, Payy has initiated a claims process for users affected by the September 24 attack, with a 30-day claims window. The project's bridge contract on Ethereum was attacked on September 24 at 4:21 UTC, and all balances were drained. Since then, all Payy Network transactions (including deposits and withdrawals) have been suspended. Legitimate claims will be paid in USDC on Ethereum; Payy Wallet is currently suspended and will be fully shut down at the end of the claims window. The claims form requires users to enter their Payy Wallet mnemonic phrase — due to the project's privacy architecture, the official statement says that without this mnemonic phrase, it is impossible to confirm a user's wallet balance.
Payy launched a claims process after a bridge contract exploit, and the wallet will subsequently shut down.
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