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Hack history / 2021 / Hack or exploit

Paid Network

Hack or exploit on Mar 5, 2021 · Infinite Mint

ATTACK TX CONFIRMED ON CHAININ REVIEWSOURCES DISAGREE ON DATE OR LOSS · 4 SOURCES
Lost
$27M
sources: $3M to $27M
Returned
none listed
as the sources state it
Rank
#171
among thefts by dollars lost

What happened

PAID Network's token contract was compromised on March 5, 2021 when an attacker gained access to the deployment wallet's private key. The attacker upgraded the contract to enable unlimited token minting, creating 59.4M unauthorized PAID tokens.

In review: sources disagree on the loss.

Details

Date
Mar 5, 2021
Kind
Hack or exploit
Method
Infinite Mint
How in
Smart contract bug
Target
DeFi protocol
Chains
Ethereum
Audit (rekt.news)
unaudited

Reported by

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Cite this pageSwanBluechip, "Paid Network hack, Mar 5, 2021: $27M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htf71342227c/ (data as of 2026-10-31).
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