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Learning & News => News related to Crypto => Topic started by: newshunter on March 08, 2021, 01:01:29 AM

Title: PAID Network exploiter nets $3 million in infinite mint attack
Post by: newshunter on March 08, 2021, 01:01:29 AM

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.

Source: PAID Network exploiter nets $3 million in infinite mint attack (https://cointelegraph.com/news/paid-network-exploiter-nets-3-million-in-infinite-mint-attack)

Would appreciate your opinion about this

Title: Re: PAID Network exploiter nets $3 million in infinite mint attack
Post by: fallenangel1789 on March 08, 2021, 01:43:00 AM

I just watched Kyle's interview with Ivan. He would almost cry due to hack and seemed very angry and surprised. I do not believe that it is an inside job but it is certain that the team is failed.

Title: Re: PAID Network exploiter nets $3 million in infinite mint attack
Post by: TomPluz on March 08, 2021, 04:50:47 AM

Judging on some developments after the attack, I am sure that this is not a rugpull and if the team can be successful in the restoration then things can be all is well that ends well. What is certain here is that hackers and scammers are concentrating on many DeFi platforms all because they are sure that there can be huge money that can be made for a successful operation. Another thing is that we can say that DeFi platforms have their own inherent weaknesses and those can be subjected to exploits resulting into risks that holders have to endure. Hope that the team behind Paid Network are good enough and are always thinking of their supporters above anything else.