Hacken Token
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 42 → 61. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −3.2, problems around the subject, caused by others −1.6; legitimacy credit long-running +10. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -9.6 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -1.6 |
| Long-running | +10 |
| Sum | 61 |
Score: 61/100 (kept between 0 and 100)
How scoring works →Summary
Hacken Token (HAI) is the native utility token of Hacken, a Ukrainian-founded Web3 cybersecurity company established in 2017 that audits smart contracts and blockchain infrastructure for over 1,500 clients worldwide. In June 2025, a private key controlling HAI minting privileges was compromised during a bridge infrastructure migration, allowing an attacker to mint approximately 900 million tokens and dump roughly $253,000 worth on decentralized exchanges, causing a near-99% price collapse. The incident drew industry-wide attention due to its irony — a company whose business model is built on securing others' blockchain infrastructure had maintained a single-key minting architecture for over five years without multisig protection.
Connected Entities
10 entities · 59 linked investigations- OKX→mentioned with→Bybit(70%)
- OKX→mentioned with→Binance(60%)
- Hacken Token→mentioned with→ZachXBT(70%)
- Hacken Token→mentioned with→Binance(65%)
- Hacken Token→mentioned with→Bybit(65%)
- Hacken Token→mentioned with→Ethereum(70%)
- Hacken Token→mentioned with→OKX(60%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Binance(60%)
- ZachXBT→mentioned with→Bybit(70%)
- + 14 more
Connected Through
9 shared actors · 633 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □Binanceorganization
- □ZachXBTorganization
- ♦Cointelegraphtoken
Timeline(10 events)
2017
Hacken founded in Ukraine by Dyma Budorin and Yevheniia Broshevan as a blockchain cybersecurity firm.
24 March 2024
HAI token reaches all-time high of approximately $0.4659.
20 June 2025
Private key associated with HAI minting role on Ethereum and BNB Chain compromised during bridge infrastructure migration.
21 June 2025
Attacker mints approximately 900 million HAI tokens and dumps them on BSC DEXs, realizing approximately $253,000 in proceeds. HAI price collapses 98-99% from $0.015 to $0.000056.
21 June 2025
Hacken revokes minter access on compromised key and pauses bridge transactions on Ethereum and BNB Chain.
23 June 2025
CEO Dyma Budorin issues public statement accepting responsibility, acknowledging five-year deferral of multisig implementation. The Block, CoinTelegraph, and crypto.news publish coverage.
24 June 2025
Hacken publishes infrastructure update announcing LayerZero OFT migration and pre-incident snapshot taken at BSC block 51800329 and ETH block 22747526.
24 June 2025
ZachXBT flags the Hacken Token incident, contributing to elevated risk classification on AVOID.NET.
7 July 2025
Target date for hAI App release enabling 1:1 token claims via Merkle proof under new LayerZero OFT contract.
11 July 2025
Target date for liquidity pool reinitialization on new HAI contract across Ethereum, BSC, and Base.
Decision Log
- slot 455366344 · hash 3PVTe1hneXGZ7tnwR4BfJcpPLkfg8Fs1Y9p1yeHffPYv
- slot 443508383 · hash 5sYhrYCZ2YZgS2oeVVtdCwf1W31Y9e1xXPFCBamMfpEG
- slot 422984273 · hash 4Gg5rKzdreEbNijnWEHsUCUW4raUD2yMHbsTJ2kdKmxj
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 14 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:22 AM
last updated: 10/10/2026, 6:46:29 PM
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