paid network hack

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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

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