Following a dangerous security breach, Hacken token’s value nosedived by approximately 99%. The cybersecurity company Hacken has attributed this drastic fall to a private key leak. This leak facilitated a malevolent actor to create and abscond with $250,000 worth of the Hacken Token (HAI), causing a significant plummet in its value.
In a recent announcement, Hacken revealed that the leaked private key was linked to an account with minting capacity on both Ethereum and BNB Chain. This security loophole led to an unauthorized production and subsequent dumping of HAI on decentralized exchanges, triggering a price drop from $0.015 to a meager $0.000056. At present, HAI is trading at $0.00026.
Despite the breach, Hacken’s team has successfully taken control of and deactivated the compromised minting account. Yet, it’s estimated that the cybercriminal still made away with tokens worth at least $250,000.
Hacken confirmed that the core infrastructure remains unaffected and secure, with the compromise limited to the private keys. The leak occurred during architectural modifications to the company’s blockchain bridge, ironically designed to prevent such incidents.
The company has temporarily suspended bridge transactions on Ethereum and BNB Chain as a safety measure. They also issued a warning about non-existent airdrops and scam posts.
Post-hack tokens purchased on the affected networks, BNB Smart Chain and Ethereum, will not be included in the new tokenomics, as stated by Hacken CEO Dyma Budorin.
Hacken’s long-term aim is to convert HAI into a regulated financial instrument, combining token utility with equity rights. All legitimate user balances are traceable and those holding HAI tokens will have the option to swap later.
A report by blockchain security firm PeckShield revealed that hackers pilfered over $1.63 billion worth of crypto in the first quarter of 2025. Similarly, liquid staking protocol Meta pool also fell victim to a comparable exploit recently.
