Hacken: Recent security incidents caused by 'human error' resulting in private key leaks

According to The Block, Ukrainian Web3 cybersecurity company Hacken stated that the reason for the almost unlimited minting and value collapse of its native HAI token, which plummeted by about 98%, was due to "human error" resulting in the leakage of private keys. In the incident, a private key of an account with coinage privileges was leaked, and the attacker profited about $250000 by minting about 900 million HAI tokens on the Ethereum and BNB chains. The token supply almost doubled, and the price plummeted by 97% at one point, with the market value dropping from about $12.7 million to $7.2 million. There was a slight rebound on Sunday. Hacken co-founder Dyma Budorin admits responsibility for not implementing the multi signature bridging system in a timely manner. The team has revoked the account permissions involved, stating that no other accounts have been leaked and will investigate and release an analysis report. In addition, Hacken hinted at future token swaps to compensate holders, stating that this is a "significant merger between HAI and Hacken's equity shareholders, valued at over $100 million. On June 21st, it was reported that the Hacken token HAI had plummeted due to a major security vulnerability and was suspected to have been subjected to contract manipulation.