Jun 21, 11:00 AM

Hacken Halts Bridges After HAI Token Plunges 97% in Security Breach

Blockchain security firm Hacken said it is investigating an unauthorized minting of its HAI token after a private key connected to the project’s cross-chain bridge infrastructure was compromised on both Ethereum and BNB Chain. The breach allowed an attacker to create new HAI tokens and move funds, triggering a collapse of about 97% in the token’s price, according to market-data services. In response, Hacken halted the ETH–VeChain and BSC–VeChain bridges and advised holders to avoid using the affected contracts while the incident is assessed. Hacken has not yet disclosed the amount of HAI that was illicitly minted or a timeline for restoring bridge operations. The firm said VeChain contracts remain unaffected.

#in #Hacken #Ethereum #BNB Chain #VeChain

Written with ChatGPT .