Hacken has reported a serious incident involving a private key leak that led to unauthorized token minting and significant financial losses.
Reasons for Key Leak
Hacken indicated that the key leak occurred during 'architectural changes' on the company's blockchain bridge, aimed at preventing such risks. As a result, an account with minting roles on Ethereum and BNB Chain was compromised, allowing an attacker to mint and dump Hacken tokens. This caused the HAI price to plummet from $0.015 to $0.000056.
Impact on Investors
Hacken's CEO Dyma Budorin stated that all tokens bought on the affected networks after the hack will not be supported in the new tokenomics. He added that the company's goal is to transition HAI into a regulated financial tool, merging the token utility with Hacken's equity rights.
Statistics and Security in Crypto
According to research firm PeckShield, hackers stole over $1.63 billion in cryptocurrency in the first quarter of 2025. Hacken emphasizes that all legitimate user balances remain trackable, and HAI tokens will have the option to swap in the future.
The Hacken incident highlights the importance of security in the crypto space and the repercussions of key leaks. Companies must continue to enhance their security measures.
