Kyle, the CEO of Paid Network, discusses a recent hack on the channel. He emphasizes his dedication to the crypto industry and denies any involvement in an insider job. On March 5th, the team discovered that the attacker had gained access to the proxy admin wallet and minted 59 million tokens, which were subsequently dumped on the market. The team took steps to minimize the impact, including removing liquidity from Uniswap. The attacker was able to sell around 2.5 million tokens, resulting in a loss of over $3 million worth of ETH. Paid Network has retained CypherBlade to track the stolen funds and recover them if possible.