Hacken Token
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
1 entitiesTimeline(10 events)
2017-01-01
Hacken founded in Ukraine by Dyma Budorin and Yevheniia Broshevan as a blockchain cybersecurity firm.
2024-03-24
HAI token reaches all-time high of approximately $0.4659.
2025-06-20
Private key associated with HAI minting role on Ethereum and BNB Chain compromised during bridge infrastructure migration.
2025-06-21
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.
2025-06-21
Hacken revokes minter access on compromised key and pauses bridge transactions on Ethereum and BNB Chain.
2025-06-23
CEO Dyma Budorin issues public statement accepting responsibility, acknowledging five-year deferral of multisig implementation. The Block, CoinTelegraph, and crypto.news publish coverage.
2025-06-24
Hacken publishes infrastructure update announcing LayerZero OFT migration and pre-incident snapshot taken at BSC block 51800329 and ETH block 22747526.
2025-06-24
ZachXBT flags the Hacken Token incident, contributing to elevated risk classification on AVOID.NET.
2025-07-07
Target date for hAI App release enabling 1:1 token claims via Merkle proof under new LayerZero OFT contract.
2025-07-11
Target date for liquidity pool reinitialization on new HAI contract across Ethereum, BSC, and Base.
Decision Log
- hash: 4Gg5rKzdreEbNijnWEHsUCUW4raUD2yMHbsTJ2kdKmxj
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:22 AM
last updated: 5/29/2026, 5:31:46 PM
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