🧨 Hacken Hacked: HAI Token Crashes 98% as Devs Scramble to Regroup

A top Web3 cybersecurity firm just got hacked. Their token got nuked. And now they want to turn it into a security.

💥 Instant Collapse: HAI Drops 98% in Minutes

On June 21, 2025, Hacken’s HAI token collapsed nearly 98% within minutes. The trigger? A major exploit flagged by PeckShield targeting Hacken’s smart contracts.

Soon after, CEO Dyma Budorin confirmed the breach, and chaos followed. Wallets drained. Sell-offs spiked. Ethereum and BNB Chain holders were left holding the bag.

🧠 What Went Wrong?

While the full exploit is still under investigation, early signs point to two possible attack vectors:

• Vulnerabilities in smart contracts deployed on Ethereum and BNB Chain
• Potential private key compromise (though Budorin says it’s “highly unlikely”)

To stop the bleeding, Hacken froze token bridges on the affected chains. The only active version of HAI left? On VeChain, which has limited liquidity and user activity.

Translation: HAI is on life support.

🔐 The Security Firm… Got Hacked

Here’s the irony: Hacken is supposed to prevent this kind of thing. They’ve built a reputation for smart contract audits, bug bounty programs, and onchain security dashboards.

Now, the auditor is the one under audit.

The Web3 community isn’t just watching the fallout — they’re questioning how a cybersecurity company let this happen in the first place.

🧾 From Utility to Security: The Pivot Plan

In a statement hours after the hack, Budorin called it a “painful and stressful” night — but also a chance to rebuild. His plan?

Convert HAI from a utility token into a regulated security token, potentially under EU or Estonian law.

That pivot could allow Hacken to:

• Regain legal ground
• Offer compensation to affected holders
• Re-establish trust in a now-wounded brand

“This night I will never forget. Yes, we were hit. It hurts. But this is a growth moment,” Budorin posted.

🧹 What’s Next?

Hacken is now juggling recovery, regulation, and reputation — all at once. The roadmap includes:

• 🔍 Continuing a forensic investigation
• ⚖️ Exploring legal/regulatory paths for a token reboot
• 🔧 Rebuilding trust across the Web3 security space

But the biggest damage? Trust. And in crypto, that’s the one thing you can’t afford to lose.

🚨 TL;DR

• Hacken’s HAI token got nuked 98% after a major exploit
• Ethereum and BNB Chain tokens are frozen — only VeChain remains
• The company plans to reboot HAI as a security token
• The irony? Hacken is a security auditor
• Rebuilding trust might be harder than recovering funds