Three Crypto Projects Hacked in One Day, Losses Top $11M
- —Payy Network lost $1.8M after its Ethereum bridge was drained and USDC swapped for ETH
- —Duelbits lost about $7M, likely due to a compromised private key
- —Meter.io attacker minted $2.3M in unbacked tokens and sold them via PancakeSwap
- —MTR fell nearly 80% and MTRG dropped about 75% after the Meter exploit
Why it matters: The attacks coincided with the $351.6M Bitget breach, heightening concerns over bridge and private key security.
Source: Cryptonews.com