PAID Network exploiter nets $3 million in infinite mint attack After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a rugpull or a security lapse. 20994 Total views News
Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%.
While the exploit netted nearly $180 million in PAID tokens at the time of the attack what would have comfortably been the largest exploit of a DeFi protocol the hacker’s payday will end up being far less. One observer noted that the attacker’s wallet only converted some of their tokens to wrapped ether, leaving the rest in rapidly-devaluing PAID tokens: