CAKE
+0.7%
RAIL
+4.3%Three crypto projects hacked in one day, losses exceed $11 million
Image: Cryptonews.comThree DeFi projects were attacked within a single day, resulting in over $11 million in losses. Payy Network's Ethereum bridge was drained of $1.8 million, which was swapped for ETH via the privacy protocol Railgun. Duelbits reported roughly $7 million lost, likely from a compromised private key. Meter's bridge exploit minted $2.3 million of unbacked tokens that were sold on PancakeSwap, causing token prices to plunge.
Key points
- Payy Network's Ethereum bridge lost $1.8 million, swapped for ETH through Railgun
- Duelbits suffered about $7 million loss, attributed to a private‑key compromise
- Meter's bridge attack minted $2.3 million of unbacked MTR and MTRG, sold on PancakeSwap, dropping token values
Why it matters
The incidents expose persistent security gaps in cross‑chain bridges and key management, putting user funds and token stability at risk across DeFi platforms.
What's unclear
Protos report dates the attacks to Thursday and cites Sep 23 for Meter, while Cryptonews states the hacks occurred on Sep 24
Price context · ETH
At publication
$2,711.01
Now
$2,684.90
Change since
−0.96%
7 days · dashed line = publication
Sources · 2 publishers
Cryptonews.com
Tier 2
Crypto Hacks: Three Projects Hacked in One Day as Losses Hit Over $11M
Coverage timeline
- First reported by Protos
- Confirmed by Cryptonews.com
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
