In a surprising turn of events, the Hacken Token has allegedly faced a security breach incident, making the token plunge over 97%.
PeckShieldAlert via a X post highlights that the token has likely faced a security incident which has resulted in a massive fall in prices.
The incident comes at a time when hacking incidents in the crypto world have seen an unprecedented rise, making many worry about the security of their funds.
At the press time, the token is trading at $0.0003115, down 97.95% as compared to the same time last day.
DeFi Hacks Expose Need for Audits and Real-Time Monitoring
Such occurrences keep highlighting the weaknesses of Decentralized Finance (DeFi) and the necessity of real-time monitoring tools and thorough smart contract audits.
Investor anxiety has increased as a result of the Hacken Token ($HAI) developers’ delayed openness, hastening the sell-off.
The PeckShield revelation has caused wallets and exchanges to keep a watchful eye on the token in case of unusual activities.
Investors are advised to be cautious until a formal update is released. The continuous security issues afflicting the cryptocurrency industry are brought home by this occurrence once more.
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$HAI Hack Coincides with CoinMarketCap Security Breach
The Hacken Token incident comes on the same day as CoinMarketCap also faced a hacking incident.
As UnoCrypto reported earlier, a leading cryptocurrency price-tracking website, CoinMarketCap eliminated a malicious pop-up that requested users to confirm their wallets on Friday, June 20, 2025.
Within three hours of first alerting users to the problem on its official X(Twitter) account, the business claimed to have found and eliminated the malicious code.
Crypto Hacks Surge Amid High Stakes and Weak Security
High financial incentives, lax security procedures, and quick technology advancements have all contributed to the rise of hacking in the cryptocurrency industry.
Numerous DeFi and blockchain initiatives hastily launch without carefully reviewing their code, leaving holes that could be exploited.
Despite being advantageous for user autonomy, the decentralized structure of crypto sometimes lacks centralized monitoring and security measures, making it more difficult to identify and promptly address assaults.
Additionally, open-source smart contracts let hackers research and target vulnerabilities. Further raising the stakes are insider threats, phishing scams, and social engineering.
Cybercriminals continue to attack the cryptocurrency field in search of quick, anonymous riches because of the billions of dollars at stake and the lack of legal accountability in some places.
$HAI Breach Offers Key Lessons for Crypto Developers and Investors
The $HAI token breach reveals a number of important takeaways for cryptocurrency project developers and investors.
In order to prevent vulnerabilities, it first emphasizes how crucial comprehensive smart contract audits and continuous security monitoring are.
For projects to keep users’ trust, openness must be a top priority, and incidents must be handled promptly.
The attack serves as a reminder to investors to perform due diligence before to making an investment, which includes examining the team, code audits, and security procedures of a business.
It also illustrates the dangers of depending on unrecognized or obscure tokens.
Finally, since a single exploit can destroy a substantial amount of value and undermine trust throughout the larger decentralized finance (DeFi) ecosystem, the incident highlights the need for improved industry-wide security standards and user education.
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