Haven Protocol, recognized for its unique mint-and-burn system, recently fell victim to a mint exploit that caused a sharp drop in its token value. The exploit enabled a hacker to generate a large number of XHV tokens, leading to an overwhelming supply. Consequently, the price of the Haven token (XHV) plummeted by more than 60%, from $0.0003594 to $0.0001341. The Haven Protocol team disclosed the breach, revealing that over 500 million XHV tokens were illicitly produced. The incident was traced back to a vulnerability in the code introduced during the Haven 3.2 rebase to Monero, allowing the creation of tokens without detection. This oversight in security measures has severely impacted XHV's market position, with the team advising against purchasing XHV on exchanges while they investigate the matter further. Updates will be provided as discussions progress within the Haven Operations Committee (HOC). Read more AI-generated news on: https://app.chaingpt.org/news