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Hacken Token

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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 · 60 linked investigations
Organizations
Protocols
LayerZero Protocol55LayerZero — DVN Single-Verifier Configuration Risk
Tokens
Hacken TokenCointelegraph62
Relationships
  • OKXmentioned withBybit(70%)
  • OKXmentioned withBinance(60%)
  • Hacken Tokenmentioned withZachXBT(70%)
  • Hacken Tokenmentioned withBinance(65%)
  • Hacken Tokenmentioned withBybit(65%)
  • Hacken Tokenmentioned withEthereum(70%)
  • Hacken Tokenmentioned withOKX(60%)
  • ZachXBTmentioned withEthereum(70%)
  • ZachXBTmentioned withBinance(60%)
  • ZachXBTmentioned withBybit(70%)
  • + 14 more
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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.

Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (2 events). 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: 8/30/2026, 12:05:01 PM

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