Paid Network Exploit Mints Attacker 60M Tokens: Report

The PAID token is down some 70% as of press time on the news.

Mar 5, 2021 at 6:54 p.m. UTC
Updated Sep 14, 2021 at 12:22 p.m. UTC

The Paid Network – a decentralized finance (DeFi) app that loosely describes itself as a smart contract program for businesses – has been exploited through the contract’s token minting feature. Some 60 million PAID tokens, worth about $37 million at press time, have been wrongly created. 

The PAID token is down some 70% as of press time, according to CoinGecko.


The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.