What happended to paid network?

[udayantha11]

Ohh my god whats going on with paid network. Now seems rekt. Actually what happended

[toast]

Ohh my god whats going on with paid network. Now seems rekt. Actually what happended

never heard of it, would you mind giving some background information about that paid network, what's that and what happened to it?

[makishart]

Ohh my god whats going on with paid network. Now seems rekt. Actually what happended

PAID got hacked and the team was trying to re-issue the new token with new smartcontract.
You must read the latest announcement on the paid telegram group. It seems like this platform has become a new victim from the hacked case.
The team will never issue a new smartcontract if there's something wrong happened with its token. Garbage platform

[davidcarpediem]

I am the only one thinking that could be a nice entry point ...minus 90% today 

[leea-1334]

Everyone says contract hack nowadays when we know deep down it is most likely a team member that did the rug pull. I mean,,, come on guys look at the PAID network CEO and basically all the influencer groups that surround these people.

They shill and shill and have zero value in their products.

And now got new smart contract issuing new tokens? Come on.

[coinmaster241]

It's still a public question because it is still in the initial investigation process it seems, after all there are many token holders and I'm sure there is a solution behind the incident, hopefully it doesn't happen again

[Teraboy]

I am the only one thinking that could be a nice entry point ...minus 90% today 

It could not be, did you read the announcement that created by the developers? the developers have been warned people not to buy the coin from the exchange sites caused by it will be replaced with a new coin. The people who are buying at the dip will not be swapped into the new coins.
You should aware about this dude. You must follot paid network telegram channel.

[ahoenk]

If smart contract was hacked and many project claimed they got hacked, it is mean ethereum network is so weak and i dont think it is because eth network is weak, it is probably rugg pull and the amatt contract for paid network designed to get hacked easy. Becarefull guys..

[Review Master]

Ohh my god whats going on with paid network. Now seems rekt. Actually what happended

Paid network got exploited yesterday and team was sharing more information regarding that in official telegram channel. Also, team request everyone for not buying into dip as they might deploy a new smart contract and also request all LPs to remove their liquidity on uniswap as team already removed their parts of liquidity. One more thing, team already took a snapshot before the first dumped and hopefully, it'll be back on track just like cover protocol, IMO.

On the other hand, some researchers are tagging this exploit as a rug pull. So, it's always been a risky way to get involved into DeFi projects.

More info: https://t.me/PAID_announcements/210

[wack slacker]

Paying fees is a must, but it shouldn't be too much to happen on Ethereum's network as Gaswar happens continuously with the hosting of ICOs.
The cost of $ 10 to 15 is too high and is not suitable for everyone.  That needs to end and we need a new blockchain to be able to implement smart contracts for everyone.  Everyone must benefit and be convenient to transact.