On February 25, 07:30am ET, PayPal told ZDNet that they have addressed the issue being exploited over the weekend. Original article below.
Hackers have found a bug in PayPal's Google Pay integration and are now using it to carry out unauthorized transactions via PayPal accounts.
Since last Friday, users have reported seeing mysterious transactions pop up in their PayPal history as originating from their Google Pay account.
Issues have been reported on numerous platforms, such as PayPal's forums [1, 2, 3, 4, 5, 6, 7], Reddit [1, 2], Twitter, [1, 2], and Google Pay's Russian and German support forums [1, 2, 3, 4, 5, 6, 7, 8, 9, 10].