$250,000 Hack Slams HAI Price as Minting Key Gets Leaked

Crypto News Exploits

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 23, 2025

Key Takeaways

A leaked private key allowed a user to mint and sell $250,000 in Hacken Token, which caused a 99% price crash;
Hacken revoked the wallet’s minting rights and confirmed its core systems were not affected;
Bridge activity is paused, and tokens bought after the exploit will not be supported.

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$250,000 Hack Slams HAI Price as Minting Key Gets Leaked

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The price of Hacken Token HAI $0.0066 has collapsed after a user created and sold a large amount of tokens using a leaked private key.

Hacken, a cybersecurity firm, shared in a June 22 post on X that they managed to walk away with around $250,000, and the token's value dropped by roughly 99%.

The Hacken team said the exposed key was linked to a wallet that had permission to create HAI tokens on both Ethereum ETH $3,125.80 and BNB BNB $894.28 Chain.

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After gaining access, the user minted new tokens and sold them on decentralized exchanges (DEXs), which caused the price to fall from $0.015 to $0.000056.

In response to the incident, Hacken removed the compromised wallet’s minting rights and regained control of the contract. The team stated that it did not affect the company’s main systems. Only the private key was compromised, and there is no sign that other parts of the project were impacted.

The key leak happened during changes to the design of its blockchain bridge. The company said these changes were meant to prevent this type of risk in the future.

As a safety measure, Hacken has paused all bridge activity on Ethereum and BNB Chain. It also told users that no airdrops are planned and warned that any posts claiming the opposite are scams.

Hacken’s CEO, Dyma Budorin, said in a post on X that tokens purchased on Ethereum or BNB Chain after the exploit will not be supported under the project’s updated plans.

On June 17, a Meta Pool exploit allowed a hacker to mint $27 million in tokens, but they could only cash out $132,000 worth of Ethereum. Why? Read the full story.