A contract exploit allowed a hacker to <button class="define-target" id="mint">mint</button> almost 60&nbsp;million PAID tokens (priced at around $160&nbsp;million based on the value before the attack) on the PAID Network. The hacker then made off with about $3&nbsp;million in Ethereum from their efforts. The attack caused the PAID token to crash about 88% in value over the course of a day, from around $2.86 to $0.32.

"Crypto project PAID exploited, attacker gains over 2,000 ETH after minting nearly $160M in tokens"

"PAID Network exploiter nets $3 million in infinite mint attack"

Web3 is Going Just Great

An attacker steals $3 million from the PAID Network