Hacken Token Plunges 99% After $250K Hack

Cybersecurity firm Hacken’s native token (HAI) plummeted approximately 99% after a hacker exploited a private key leak. The bad actor minted and dumped an estimated $250,000 worth of HAI tokens on decentralized exchanges. Hacken stated the breach, stemming from a compromised private key linked to a bridge deployment, primarily damaged its reputation, not its core cybersecurity business. They’ve paused bridge transactions and plan to transition HAI into a security token.