Cybersecurity agency Hacken has blamed a personal key leak that allowed a nasty actor to mint and loot $250,000 value 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 linked 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 workforce members stated they’ve since revoked the compromised minter account from the token contract and regained management; nevertheless, based mostly on Hacken’s present estimates, the unhealthy actor nonetheless managed to flee with no less than $250,000 value of tokens.
“The core infrastructure has at all times 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.
Non-public key leak linked to bridge deployment
Hacken stated the non-public key was compromised throughout “architectural adjustments” to the agency’s blockchain bridge, which had been being utilized “particularly to stop dangers like this,” in line with Hacken.
“Hacken’s bridge was constructed at a time when the market and tech regarded very completely different. Redesigning a deployed bridge means migrating contracts — a posh 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 every 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 at all times 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 instrument that merges token utility with fairness rights by merging HAI and Hacken’s fairness shareholders.
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All reliable consumer balances stay trackable, and HAI tokens can have the choice to swap later, with particulars coming quickly, in line with Hacken.
Hackers stole $1.6 billion in first quarter this 12 months
Blockchain safety agency PeckShield said in an April report that hackers stole over $1.63 billion in crypto in the course of the first quarter of 2025.
Extra just 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 value almost $27 million however solely managed to steal round 52.5 Ether (ETH), value simply over $132,000.
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