Hacken, a cybersecurity firm, experienced a severe incident due to a private key leak, which enabled a hacker to mint and steal $250,000 worth of the Hacken Token (HAI). As a result, HAI's value plummeted by 99%, dropping from $0.015 to $0.000056 before stabilizing at $0.00026. The firm stated that the compromised key was tied to an account with minting privileges, leading to unauthorized minting and subsequent dumping of tokens on decentralized exchanges. Hacken's infrastructure remained secure, with the majority of the damage being reputational. The breach occurred during upgrades to the firm’s blockchain bridge intended to prevent such risks. In response, Hacken has paused bridge transactions on Ethereum and BNB Chain until further notice. CEO Dyma Budorin mentioned plans to convert HAI into a security token that will blend token utility with equity rights.

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