The team specializing in cybersecurity at Hacken reported a leak of the private key due to 'human error.' The incident led to the unauthorized issuance of nearly 900 million HAI tokens and caused its price to collapse by 98%.
According to the statement, the private key of the account with the role of minter in the Ethereum and BNB Chain networks was compromised. The attacker issued about 900 million HAI, nearly doubling the supply, and sold them on decentralized exchanges. The damage amounted to approximately $250,000.
The co-founder and CEO of Hacken, Dmitry Budorin, took responsibility for what happened.
He admitted that five years ago he did not implement the infrastructure for the multisig bridge, although he understood the risks.
The team revoked permissions from the compromised account—the wallet from which the contract was deployed was not affected. No other leaks were found.
Hacken will publish a hack report after the investigation is completed. The project also announced a possible token exchange for HAI holders. This will be a 'major merger of HAI with Hacken's equity worth over $100 million.'
