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Hacken Exploit Shakes Crypto: 900M HAI Tokens Illegally Minted—Will the Market Recover?

Hacken Exploit Shakes Crypto: 900M HAI Tokens Illegally Minted—Will the Market Recover?

Published:
2025-06-23 11:30:00
15
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Another day, another crypto breach—Hacken's security just got a $900M reality check.

Subheading: The Exploit That Shouldn't Have Happened

Attackers bypassed protocol safeguards like they were weekend coders—minting 900 million HAI tokens out of thin air. The project's 'audited' smart contracts? Paper tigers.

Subheading: DeFi's Recurring Nightmare

Centralized exchanges froze deposits within hours (slow clap), but the damage echoes across liquidity pools. Traders now face a classic crypto dilemma: cut losses or gamble on a Lazarus-style comeback?

Subheading: The Silver Lining Playbook

Whitehats are dissecting the attack vector—turns out 'upgradeable contracts' are still hacker candy. Meanwhile, VCs quietly reposition their bags, muttering about 'long-term fundamentals.'

Closing thought: When will the industry learn? Security audits are like diet plans—only effective if you follow them. Bonus jab: At least the exploit didn't involve a monkey JPEG this time.

How could a top blockchain cybersecurity company like Hacken fall victim to the very vulnerabilities it warns people about? Over the weekend, Hacken — a Ukrainian Web3 cybersecurity company — suffered a crippling Read More

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