OGAudit Web3 Research: @hackenclub $HAI - The Security Firm That Got Hacked and Lost 97% of Its Token Value?
Hacken has been one of Web3’s most respected security firms since 2017 but the HAI token tells a completely different story from the company’s operational health:
- Hacken is trusted by Web3 leaders, enterprises and governments combining deep Web3 expertise with AI powered offensive security, covering smart contract audits, penetration testing, red team exercises, blockchain infrastructure hardening and MiCA/VARA/DORA compliance across Ethereum, Solana, Sui, Cosmos and 20+ other chains. Q1 2026 Security Report logged 44 incidents and $482M in losses industry-wide with Hacken’s audit team having secured $180B+ in digital assets across 1,500+ projects.
- On June 21, 2025, an attacker exploited a private key leak during Hacken’s bridge migration minting 900 million HAI tokens and swapping $253,000 worth through BNB Chain DEXs before containment. The cross chain Ethereum/BSC bridge was paused indefinitely and the token crashed 97%. The company’s audit services were unaffected but the reputational damage of a security firm failing to secure its own infrastructure was severe and immediate.
- ETD (Enterprise Tariff Discounts) links Hacken’s $9M annual revenue business directly to HAI, B2B audit clients purchasing ETD access team time while activating deflationary HAI burns. Trust Army plans to scale into a decentralised security workforce by 2026.
Is Hacken’s legitimate $9M revenue audit business, 1,500+ project client roster, ETD revenue to token link and Trust Army crowdsourced security workforce the foundation for HAI’s recovery as a security backed token or does a 97% crash from an attacker minting 900M tokens, a permanently paused cross chain bridge and the irreversible reputational damage of a security firm’s own key management failure confirm that HAI has not yet earned back the trust required for investment?
Category: Cybersecurity / Infrastructure
Coin Name: $HAI
Circulating Supply: 833.17M
Market Cap: $1.65M
Market Cap Rank: #2393
OG (Trust) Score: 36.24
OG Score Rank: #278/1351
Reviewed by 5 OG Auditors.
See the Social Audit with Reviews by crypto OG’s and more on the $HAI Coin page: ogaudit(.)com/crypto/hacken-hai
https://t.co/usddHfr4jo
