Cybersecurity agency Hacken has blamed a personal key leak that allowed a foul actor to mint and loot $250,000 price of the ecosystem’s native Hacken Token (HAI), inflicting it to plummet round 99% on Saturday.
In an X put up, Hacken said the non-public key was related to an account with a minting position on the Ethereum and BNB Chain, which led to the “unauthorized HAI minting and a dump” on decentralized exchanges — causing a 99% drop within the worth of HAI from $0.015 to $0.000056.
HAI is at present buying and selling at $0.00026.
Hacken staff members stated they’ve since revoked the compromised minter account from the token contract and regained management; nonetheless, primarily based on Hacken’s present estimates, the dangerous actor nonetheless managed to flee with at the very least $250,000 price of tokens.
“The core infrastructure has all the time been separate from HAI infra and stays safe. There may be at present no proof of any compromise past the non-public keys,” Hacken stated.
Personal key leak linked to bridge deployment
Hacken stated the non-public key was compromised throughout “architectural adjustments” to the agency’s blockchain bridge, which have been being utilized “particularly to stop dangers like this,” in keeping with Hacken.
“Hacken’s bridge was constructed at a time when the market and tech appeared very totally different. Redesigning a deployed bridge means migrating contracts — a fancy authorized and technical course of,” the agency stated.
As a precaution, Hacken has paused bridge transactions on Ethereum and BNB Chain till additional discover and warned that there were no airdrops planned and that any posts saying in any other case are scams.
Tokens purchased after hack not supported
Hacken CEO Dyma Budorin said in an X put up on Sunday that each one tokens on the affected networks, BNB Good Chain and Ethereum, purchased after the hack “won’t be supported within the new tokenomics.”
“Our objective was all the time to transform HAI right into a safety token that represents Hacken fairness and has crypto flexibility. Now’s the time to speed up the concept implementation,” he stated.
Hacken stated its long-term objective now could be to remodel HAI right into a regulated monetary device that merges token utility with fairness rights by merging HAI and Hacken’s fairness shareholders.
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All official person balances stay trackable, and HAI tokens can have the choice to swap later, with particulars coming quickly, in keeping with Hacken.
Hackers stole $1.6 billion in first quarter this yr
Blockchain safety agency PeckShield said in an April report that hackers stole over $1.63 billion in crypto through the first quarter of 2025.
Extra lately, liquid staking protocol Meta pool suffered a similar exploit on June 18, when an attacker was in a position to mint 9,705 of the liquid staking protocol’s token mpETH price almost $27 million however solely managed to steal round 52.5 Ether (ETH), price simply over $132,000.
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