2 entries tagged “infinite-mint”.
An Ethereum token whose deployer key was compromised on March 5, 2021, letting an attacker upgrade the contract, mint ~59.5M PAID, and sell ~2.5M for ~$3M in ETH before liquidity was pulled. The team blamed a leaked key; some observers alleged an insider rug.
A Solana stablecoin drained of about $52.8M on March 23, 2022 via an 'infinite mint' bug: missing collateral-validation let an attacker mint ~2B CASH with worthless tokens, collapsing the peg to near zero. The attacker left a message saying small accounts were refunded.
