Crypto Hacks: 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.

Confirming a ~$7M hack. Still investigating exactly what happened and how.Until we have clarity, Duelbits stays offline. User funds are safe.Next steps: finish the investigation, re-top hot wallets, and bring Duelbits back online, launch Duelbits 2.0.