Three Crypto Projects Suffer Hacks Totaling Over $11 Million in One Day

Three separate crypto projects were exploited on September 24, resulting in combined losses exceeding $11 million. Payy Network lost approximately $1.8 million after its Ethereum bridge was compromised, with funds laundered through Railgun and swapped for Ethereum. Duelbits, a gambling platform, reported losses of about $7 million, likely due to a private key compromise, while the Meter network saw $2.3 million in unbacked tokens minted. Investigations into the incidents are ongoing, with some affected projects having histories of previous security breaches.