Key Takeaways:
- Hacken Token (HAI) crashed 99% after a $250K exploit caused by a leaked private key linked to minting privileges.
- The breach occurred during security upgrades to Hacken’s blockchain bridge, which unintentionally exposed the vulnerability.
- Hacken is transitioning HAI into a regulated security token and plans a swap mechanism for legitimate users.
Hacken Token (HAI) plummeted by 99% after a security breach allowed a bad actor to mint and dump $250,000 worth of tokens.
The exploit stemmed from a leaked private key tied to an account with minting privileges on both Ethereum and BNB Chain.
A private key of an account with a minter role (ETH & BNB) was compromised, leading to unauthorized HAI minting and a dump on BSC DEXs.
— Hacken🇺🇦 (@hackenclub) June 21, 2025
One big misconception: the deployer wallet was NOT compromised. That’s exactly what let us revoke the compromised minters from the $HAI…
Following the unauthorized minting, HAI’s price dropped from $0.015 to as low as $0.000056 before partially recovering to $0.00026.
Hacken swiftly removed the compromised minter account and assured users that its core infrastructure remains secure.
The breach occurred during a complex migration of contracts tied to an architectural upgrade of its blockchain bridge.
In response, Hacken paused all bridge operations and warned users against fraudulent airdrop claims.
CEO Dyma Budorin clarified that tokens acquired post-incident won’t be included in future tokenomics.
1. Responsibility is on me. I didn't implement multisig bridge ifra 5 years ago. I understood the risk, but delayed bridge restructuring due to not unimportant reasons
— Dyma Budorin 🇺🇦 (@buda_kyiv) June 22, 2025
2. This incident has nothing to do with the main business. Our experts are the best in the field
3. The most…
The company now plans to transition HAI into a regulated security token, offering both functionality and equity ownership.
Hacken has committed to protecting legitimate users, maintaining balance traceability, and initiating a token swap process soon.
Despite the financial damage, the firm says the reputational impact is its greatest concern.
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