Details of PAID Network (PAID) Attack Emerge

PAID Network (PAID), a DeFi platform, was attacked by hackers the other day. Details on the subject have also started to come.

In the attack, a hacker managed to enter the PAID Network network and print 60 million PAID tokens. The hacker thus managed to escape with more than 2,000 Ethereum worth about $ 3.16 million. After the attack, the value of the PAID token has decreased significantly.

The team behind the PAID Network announced that they are working to solve the problem and compensate the losses of token holders. The team also warned that investors should not be engaged in any trading activities related to the asset at the moment:

“We are investigating the problem. We have withdrawn the liquidity and are creating a new smart contract. In this way, we will return everyone's original balance to what it was before the attack.

We invite our community not to trade with tokens at this time, as we will need to reissue smart contracts. Therefore, we ask you to wait for our next update. We also recommend that you withdraw your current liquidity from Uniswap. "

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