On the 22nd (local time), a hacker took down the private key of an account with minting privileges.
After seizing Toki 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 will be “minting the Ethereum and BNB chains.”
"The private key of the authorized 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 to $0.0
The minting account in question has been removed from the token smart contract.
The company said it had deleted the contract 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 breaches identified to date have not been leaked.
The leak is said to have occurred in the process of Hacken improving its blockchain bridge architecture.
"The bridge was designed at a time when the market and technology conditions were different, and in order to redesign it, we have had to go through complex technical and legal procedures, including contract migration,"
As a result, Hacken has temporarily suspended bridge transactions on the Ethereum and BNB chains. In addition, the company said, "The HAI-related airdrop is not planned.
"We have not received any confirmation from the hackers and all related posts are fraudulent," Hacken CEO Dyma Budorin said through X.
"HAI tokens purchased on AmNetwork will not be supported by the new tokenomics."
"We will convert HAI into a security token that represents Hacken shares and use cryptocurrency," he said.
"Our goal was to combine the flexibility of the Defense Department with the flexibility of the Defense Department," he said. "Now is the time to move forward with that goal more quickly."
Hacken will now transform HAI into a regulable financial instrument that combines utility and equity interests.
The company revealed its long-term plan: All existing holdings of users will be traceable, and a token swap will be carried out in the future. The specific method and schedule will be announced soon.
2025/06/23 17:05 KST
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