{"id":38435,"date":"2021-03-06T11:17:24","date_gmt":"2021-03-06T09:17:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38435"},"modified":"2025-08-30T04:40:00","modified_gmt":"2025-08-30T01:40:00","slug":"hacker-mints-160-million-worth-of-paid-network-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hacker-mints-160-million-worth-of-paid-network-tokens\/","title":{"rendered":"Hacker Mints $160 Million Worth of PAID Network Tokens"},"content":{"rendered":"<p>The PAID Network, an Ethereum-based project, came under attack \u2014 an exploit in the smart contract allowed the attacker to mint an additional $160 million worth of native PAID tokens.<!--more--><\/p>\n<p>Data from <a href=\"https:\/\/etherscan.io\/address\/0x18738290af1aaf96f0acfa945c9c31ab21cd65be#tokentxns\" target=\"_blank\" rel=\"noopener\">Etherscan<\/a> show that the hacker obtained 59.7 million PAID tokens, which were exchanged on Uniswap for over 2,000 ETH worth more than $3 million.<\/p>\n<p>Platform representatives said they are investigating the issue, have already created a new smart contract, and are working to restore user balances.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We are investigating the issue. We pulled liquidity, are creating a new smart contract, &#038; will be restoring everyone\u2019s original balances to before the hack.<\/p>\n<p>Those with staked, Lpool &#038; UniFarm <a href=\"https:\/\/twitter.com\/search?q=%24PAID&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PAID<\/a> will have their tokens be sent to them manually.<\/p>\n<p>We will share more updates soon<\/p>\n<p>\u2014 PAID NETWORK (@paid_network) <a href=\"https:\/\/twitter.com\/paid_network\/status\/1367920257202061318?ref_src=twsrc%5Etfw\">March 5, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the wake of the incident, PAID&#8217;s price collapsed by 91%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/paid-network\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a>.<\/p>\n<p>PAID Network is positioned as &#8216;an ecosystem of dapps using blockchain to create smart contracts that make business processes much more efficient&#8217;.<\/p>\n<p>In February, <a href=\"https:\/\/forklog.com\/en\/news\/hacker-drains-37-5-million-from-cream-finance-defi-protocol\">a hacker siphoned tokens worth $37.5 million from the DeFi protocol Cream Finance<\/a>, exploiting a vulnerability and flash loans.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PAID Network, an Ethereum-based project, came under attack \u2014 due to an exploit in the smart contract, the attacker minted an additional $160 million worth of native PAID tokens.<\/p>\n","protected":false},"author":1,"featured_media":38436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,1154,1093],"class_list":["post-38435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38435"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38435\/revisions"}],"predecessor-version":[{"id":38437,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38435\/revisions\/38437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38436"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}