Following a private key leak, Hacken has paused bridge transactions and aims to restructure HAI into a regulated financial instrument, addressing the recent security breach.
Hacken has confirmed a security breach that allowed unauthorized minting of 900 million HAI tokens, resulting in a $250,000 loss and a 99% drop in token value. The firm revoked access to the compromised account and paused bridge transactions on Ethereum and BNB Chain. CEO Dyma Budorin stated that tokens purchased after the hack will not be supported in future tokenomics, and Hacken plans to transform HAI into a regulated financial instrument.