Payy Network Ethereum Bridge Contract Drained in Attack, Transactions Halted

The suspension of card transactions alongside bridge operations is the notable part: it suggests the compromised contract sits in the live payment path, not just in a custody layer, so the blast radius extends to users who never touched the bridge directly. Full-balance drains of this kind typically point to a key or validation failure rather than an economic exploit, though the team has not said. The open questions are whether the response process produces a credible account of the failure and whether the halt is lifted before user confidence erodes further.