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Three Projects Hacked in One Day as Losses Hit Over $11M

Three Projects Hacked in One Day as Losses Hit Over $11M

​Three crypto projects were attacked on September 24, suffering combined losses of more than $11M. Attackers drained around $1.8M from Payy Network, stole $7M from Duelbits, and minted $2.3M in unbacked tokens on the Meter network; these three are the latest crypto hacks to hit the industry.

The incidents affected different parts of crypto infrastructure, ranging from cross-chain bridges to private keys. Two of the three affected projects had already suffered major hacks in previous years.

Payy Network, which provides on-chain payroll and treasury management services, was the first to report an attack. Its Ethereum bridge was compromised, prompting the team to halt the network.

Fresh Crypto…

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