Cybersecurity company Hacken's proprietary token, HAI, crashed by 99% in a hacker attack.
On the 22nd (local time), a hacker took control of the private key of an account with minting privileges.
After seizing the cryptocurrency and issuing HAI without permission, they sold it in large quantities to decentralized exchanges (DEXs), causing the market price to plummet.
On this day, Hacken announced through X that it would be “a miner placed on the Ethereum and BNB chains.”
"The private key of the cryptocurrency's cryptocurrency authority account was leaked, and HAI was illegally issued and dumped on the market," the company said. As a result, the price of HAI dropped from $0.015.
The cryptocurrency has plummeted nearly 99% since its launch to $0.000056, and is currently trading at $0.00027. Hacken is considering using the minting account in a token smart contract to
The company said it had removed the hackers from the project and regained control over the entire contract, but the hackers still managed to steal about $250,000 worth of HAI.
The company said, "HAI infrastructure and Hacken's core security infrastructure are separate, and the only breaches confirmed to date are related to the leaked platform.
The leak is said to have occurred while Hacken was improving its blockchain bridge architecture.
The bridge was designed at a time when market and technology conditions were different, and redesigning it involved complex technical and legal procedures, including contract migration.
" As a result, Hacken has temporarily suspended bridge transactions on Ethereum and BNB chains. In addition, "No HAI-related airdrops are planned.
"After the hack, the BNB Smart Chain and Ethereum Network were compromised," Hacken CEO Dyma Budorin said through X.
"HAI tokens purchased on the network will not be supported by the new tokenomics," he said. "We will convert HAI into a security-type token representing Hacken shares,
"Our goal was to combine it with the flexibility of crypto," he said, emphasizing, "Now is the time to move that goal forward more quickly."
Hacken is committed to transforming HAI into a regulable financial instrument that combines utilities and equity interests.
The plan has been revealed. All existing holdings of users will be traceable, and a token swap will take place in the future. The specific method and schedule will be announced soon.
2025/06/23 17:05 KST
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