CandleFocus Haven Protocol Token (XHV) crashes after mint exploit
2024-12-10
Author: Content Editor
Haven Protocol, a blockchain project with a mint-and-burn mechanism, has experienced a mint exploit that resulted in a significant drop in the price of its token, XHV. A hacker was able to create over 500 million XHV tokens, causing the token price to plummet by over 60%. The exploit was identified when the supply of XHV on exchanges exceeded the audited supply. The breach was attributed to a vulnerability in the code introduced during an upgrade. The incident has had a major impact on the market standing of XHV and the protocol is urging its community to avoid purchasing the token while they assess the situation.
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