A compromised private key allowed the minting of 900 million HAI tokens, leading to significant losses and a drastic drop in token value.
Hacken has confirmed a major exploit on Ethereum and BNB Chain where a compromised private key allowed the minting of 900 million HAI tokens, resulting in an estimated loss of $250,000. The breach occurred during architectural updates to the blockchain bridge. Following the incident, HAI's value plummeted nearly 99%, dropping from $0.015 to $0.000056 before recovering slightly. Hacken has paused bridge transactions and urged users to avoid interacting with the token until further notice.