Cybersecurity agency Hacken has blamed a non-public key leak that allowed a nasty 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 submit, Hacken stated the non-public key was related to an account with a minting function on the Ethereum and BNB Chain, which led to the “unauthorized HAI minting and a dump” on decentralized exchanges — inflicting a 99% drop within the worth of HAI from $0.015 to $0.000056.
HAI is at the moment 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, based mostly on Hacken’s present estimates, the unhealthy actor nonetheless managed to flee with no less than $250,000 price of tokens.
“The core infrastructure has all the time been separate from HAI infra and stays safe. There’s at the moment 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 modifications” to the agency’s blockchain bridge, which have been being utilized “particularly to stop dangers like this,” in response to 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 have been no airdrops deliberate and that any posts saying in any other case are scams.
Tokens purchased after hack not supported
Hacken CEO Dyma Budorin stated in an X submit on Sunday that each one tokens on the affected networks, BNB Sensible Chain and Ethereum, purchased after the hack “is not going to be supported within the new tokenomics.”
“Our purpose was all the time to transform HAI right into a safety token that represents Hacken fairness and has crypto flexibility. Now could be the time to speed up the concept implementation,” he stated.
Hacken stated its long-term purpose now’s to remodel HAI right into a regulated monetary instrument that merges token utility with fairness rights by merging HAI and Hacken’s fairness shareholders.
Associated: Politicians’ memecoins, dropped court docket circumstances gas crypto ‘crime supercycle’
All respectable person balances stay trackable, and HAI tokens could have the choice to swap later, with particulars coming quickly, in response to Hacken.
Hackers stole $1.6 billion in first quarter this yr
Blockchain safety agency PeckShield stated 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 an analogous exploit on June 18, when an attacker was capable of 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.
Journal: Arthur Hayes doesn’t care when his Bitcoin predictions are completely unsuitable
