PAID Network: Infinite Mint — Compromised Deployer Key (Suspected Insider)
PAID Network's deployer EOA transferred token contract ownership to an unknown address 30 minutes before 59.47M PAID tokens were minted and dumped on Uniswap — collapsing the price 89% and raising widespread suspicion of an inside job.
Summary #
PAID Network suffered a Token / IDO Platform on 2021-03-05, resulting in a loss of approximately $27M.
What happened #
PAID Network's deployer EOA transferred token contract ownership to an unknown address 30 minutes before 59.47M PAID tokens were minted and dumped on Uniswap — collapsing the price 89% and raising widespread suspicion of an inside job.