$HAI lost ~97% in minutes after bridge exploit.
BSC & ETH contracts flagged compromised; halted.
Only VeChain bridge remains operational.
Bridge Exploit Sparks Panic
On June 20, Hacken’s $HAI token experienced a jaw‑dropping crash—nearly 98%—as blockchain security watchers flagged suspected exploits in its BSC and Ethereum bridge contracts. Within minutes, token holders rushed to exit, sending HAI into a freefall.
All Bridges Suspended, VeChain Stands
Following the exploit alerts, Hacken promptly shut down bridging on both Binance Smart Chain and Ethereum. As of now, only the VeChain bridge remains active and secure for HAI transfers. This swift containment helped prevent further losses, though the impact on confidence is substantial.
TODAY: Hacken's $HAI dropped 97% after BSC & ETH contracts were compromised.
All bridges shut and only VeChain is valid. pic.twitter.com/DAS68wiOOr
— Cointelegraph (@Cointelegraph) June 21, 2025
Market & Community Reactions
Crypto observers likened the event to sudden “rug pull” scenarios. The community’s fear is palpable—many feel blindsided by the exploit, even as full investigation details remain under wraps.
Hacken’s core business is Web3 security auditing. Ironically, its own token fell victim to a suspected exploit. Confidence in the brand—built on audits, bug bounties, and bridge integrity—is now under pressure. The team must now prove that their auditing rigor also extends to system-level bridges.
What Happens Next?
For holders: Only withdrawals or transfers via the VeChain bridge are currently safe. Legacy funds on BSC or ETH bridges may be frozen until a full security investigation is complete.
Security response: Hacken’s quick response suggests a robust incident management plan—but a thorough forensic audit is essential.
Repricing HAI: Market confidence is shaken. Even if funds are recovered, new bridge contracts and security assurances will be needed for recovery.
Read Also:
“HAI Crashes 97% Amid Bridge Exploit Alert”
Bitcoin: The Result of 40 Years of Innovation
Texas Secures Bitcoin Reserve with HB 4488
Arctic Pablo’s Wallet-Melting Presale Surges to $2.79M as Best Crypto to Invest While Dogwifhat, OFFICIAL TRUMP Set the Stage for Explosive Gains
BlackRock Buys $1.2B in Bitcoin in One Week
The post “HAI Crashes 97% Amid Bridge Exploit Alert” appeared first on CoinoMedia.
