Infinite mint attacks are becoming a common threat in the decentralized finance (DeFi) sector, where hackers manipulate contract codes to mint unlimited tokens, devaluing the cryptocurrency and causing significant financial losses. Recently, a hacker exploited the Paid network’s smart contract vulnerability, leading to a $180-million loss and an 85% drop in PAID’s value. The hacker converted over 2.5 million PAID tokens to Ether (ETH) before the attack was halted. The incident underscores the importance of thorough code audits and robust security measures in smart contract development to prevent such attacks.