PAID Crashes on Alleged Massive Exploit News

[Micky]

PAID, the native token of PAID Network, a DeFi-focused protocol, crashed by almost 80% in less than an hour on major exploit news.
Per multiple comments on Twitter, the exploit is worth around USD 100m.

"Paid Network $PAID got exploited. Someone just printed 51M $PAID," ICO Analytics said.

"Looks like casual rug pull. PAID deployer made an attacker the owner of PAID admin contract. This attacker deployed a new implementation contract for PAID token and minted almost 60M tokens," Igor Igamberdiev, a research analyst at The Block, said.


PAID Network said they "will be sharing an update shortly on the recent development."

At 19:10 UTC, PAID trades at USD 0.423 and is down by 85% in a day.

Users are sending the exploiter messages with tx data

— harry.eth ◊ (@sniko_)
❌ Scam Advisory #86- PAID Network $PAID (0x8c8687fC965593DFb2F0b4EAeFD55E9D8df348df)

— #WARONRUGS❌ (@WARONRUGS)

PAID Crashes on Alleged Massive Exploit News
https://cryptonews.net/481742/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

[Jamie07]

$100 million usd. What a bad day for Paid community. Wonder what happen and there is a mint function on their smart contract. Does anyone not notice that.