2025 was a defining year for Hacken, marked by both growth and a shift in how the company is structured and led. This year-end message is shared through the two most important voices: Yev Broshevan, CEO of Hacken, on the evolution of our security business, and Dyma Budorin, Chairman of Hacken and CEO of HAI Group, on strategy and what lies ahead.
A Message From Hacken CEO
This year, I stepped into the role of Chief Executive Officer of the company I co-founded eight years ago as a student with big dreams, never knowing where my journey would take me. Today, I carry the responsibility of leading one of the most respected cybersecurity companies in Web3, and I am proud and more driven than ever.
We are building Hacken for a new reality, where digital assets are moving into regulated and institutional environments and unprecedented cybersecurity expectations.
A New Reality for Decentralized Systems
At this year’s inaugural TRUST Summit in New York, we brought regulators, financial institutions, and infrastructure builders together at Nasdaq MarketSite. One message was clear: capital markets and financial regulators expect verifiable cybersecurity across every layer of critical infrastructure.
This expectation is shaped by real numbers. Over $4 billion was lost across crypto in 2025. Failures came from code, operations, governance, and human processes. The conclusion is clear. Cybersecurity must be addressed continuously. It cannot be solved by a single product or a one-time audit. Every layer of critical infrastructure must be protected and independently verified. Verifiable security at every layer is now a requirement for new institutional liquidity.
From Audits to End-to-End Cybersecurity & Advisory
To meet new expectations from regulators, new technologies, and emerging threats, we moved our work beyond isolated audits toward continuous, end-to-end security.
Throughout the year, we introduced new services to address underestimated risks: the Crypto Yield Audit for yield sustainability, the Cryptography Audit for critical implementation risks, and the AI System Security Audit for real-world threats in LLM and agentic systems. We also rolled out a dedicated Stablecoin Security solution. In parallel, we invested heavily in advancing our smart contract audit capabilities, including Uniswap v4 implementations.
Licensing, Legal, and Tax Advisory for Web3
We launched Hacken Advisory to unify cybersecurity, licensing, legal, and compliance into one operating model. As global regulations move into enforcement, security-backed compliance is now required for market access.
Christopher Cousins and his team joined as Managing Partner, strengthening Hacken’s advisory capabilities with experience across cybersecurity, regulation, corporate structuring, and public-market environments.
Real-Time On-Chain Monitoring
Extractor by Hacken now sits at the core of our security stack, linking real-time monitoring, compliance, and response through key partnerships. This year, we integrated with Chainlink, Recoveris, and Global Ledger to extend these capabilities.
Financial regulators are already using Hacken’s on-chain monitoring solutions. The Bermuda Monetary Authority has piloted Extractor for cybersecurity, and the Abu Dhabi Global Market has integrated the full-scale A3 platform for on-chain security monitoring in a compliance context. This is an important step forward that validates the direction we have taken with Extractor.
Global Expansion and U.S. Engagement
Our new organizational structure enabled us to expand the Hacken brand globally through the Hacken Federation Network, built to combine local expertise with shared quality standards across regions, with my personal focus on North America.
A major milestone this year was hosting the first TRUST Summit in New York at Nasdaq MarketSite, bringing regulators, financial institutions, and infrastructure builders together for practical discussions on how digital assets can operate at scale. The room represented trillions in assets, including leaders from JPMorgan Chase, Citi, Société Générale, Moody’s, and S&P Global, alongside digital asset infrastructure providers such as Coinbase, Kraken, and DTCC.
Hacken Services: Work That Matters
Hacken Services is the core of Hacken and will remain our primary focus, supporting systems that operate under real market pressure and process billions of dollars in funds.
In 2025, Hacken conducted 240+ public security assessments, many on a recurring basis for leading organizations such as Bybit, OKX, KuCoin, Base, QANplatform, and Société Générale Forge. We worked across exchanges, Layer-1 protocols, DeFi infrastructure, and regulated institutions, delivering protocol audits, Proof of Reserves, cryptography reviews, penetration testing, and real-time security monitoring.
Born On Blockchain. Built For What's Next
This year marked eight years since Hacken was founded. What started for me as a small team of ethical hackers has grown into an end-to-end blockchain security and compliance partner. Since 2017, we have conducted 1,866 public audits for 1,097 clients. For me, these numbers reflect the trust placed in us by enterprises, startups, financial institutions, and regulators, including the European Commission, ADGM, MetaMask, Ethereum Foundation, and Binance.
Looking ahead, my focus is on supporting the next stage of adoption, bringing digital assets into the real economy. We understand Web3 technology, the realities of new systems, how to work with regulators, and the behavior of attackers. This positions Hacken to build and deliver security that works in practice, today and for what comes next.
I want to sincerely thank our clients, partners, community, and our team. Your trust and long-term orientation are what allow us to do this work responsibly and push the industry forward.
Together, let's make Web3 a safer place!
Yev Broshevan
Hacken CEO & Co-Founder
A Message From Hacken Chairman & HAI Group CEO
The Past Year: 2025
2025 was a monumental year for Hacken. We reached a point where we were no longer a startup, and making big organizational shifts was the right decision to support growth in multiple directions without losing focus. The new model allows us to scale while preserving accountability, clarity, and the high standards that define our work.
The $HAI Incident
The security incident involving the $HAI minting was a severe blow. I take full ownership of the legacy infrastructure decisions that led to it. But looking back, I see this event not just as a critical signal for change. We realized we could no longer rely on legacy bridges, legacy management structures, or legacy token models. To survive and lead, we had to rebuild everything stronger.
Stepping Up by Stepping Down
Recognizing this need for maturity, I made the decision to step up by stepping down. I transitioned to the role of chairman to focus on global strategy, handing over the CEO role to Yev Broshevan. She has been the operational heart of Hacken since 2017. Now, the company needs a leader 100% focused on execution and expansion, and Yev is that leader.
The Birth of HAI Group
As our solution range expanded, centralized management became a bottleneck. We evolved from a single firm into a conglomerate: HAI Group. This crypto IPO-ready holding structure transforms our products into independent entities to unlock their full valuation potential. This shift reflects our 2026 roadmap and the events that occurred at the end of 2025.
CORE.3: Self-Regulative Risk Assessment
We took our own lessons in transparency and turned them into a weapon for the industry. At Abu Dhabi Finance Week, we launched the CORE.3 self-regulation platform. The "Probability of Loss" framework is our answer to the industry’s hidden risks and institutional mistrust. The grey zone ends here. By making risk public and understandable, we are paving the way for institutional capital to finally enter the game with confidence.
The Next Year: 2026
HAI Group’s Crypto IPO
HAI Group is charting a course that no project has ever navigated. In 2017, Hacken began as an ICO startup fresh off a pitch competition win. Eight years later, we stand between our wild crypto origins and the regulated world, choosing to become a public company through a crypto IPO. Our case is the first of its kind in the industry, and our main focus in 2026 is to make it a true success story.
The Grey Zone Ends Here
With CORE3, we aim to change the crypto industry again. The Probability of Loss (PoL) framework is our most significant move toward crypto adoption, removing the primary barrier that kept institutional capital on the sidelines all these years. In 2026, the crypto risk will finally be quantified, as thousands of crypto projects will have their own PoL score, making transparency the only viable business model in crypto.
The Federation Model
We are going global, but not alone. In 2025, we established the Hacken Federation Network with Hacken Advisory and Hacken GCC as the first partner-led firms operating under the Hacken brand. In 2026, we aim to get new companies and regions onboard, extending into financial audits and new markets, including Japan. We are taking the Big Four's scaling model and powering it with Web3 infrastructure: decentralized operations, but unified vision of safer Web3.
A Clean Slate for Utility
Continuing our efforts in becoming a public company, we reimagine HAI Group’s on-chain presence. In 2026, we will introduce a new DEX-native utility token free from the legacy issues. It is designed solely to ensure transparency and product interoperability across HAI Group’s on-chain ecosystem.
Dyma Budorin
Hacken Chairman & Co-Founder
HAI Group CEO
As we close out the year, thank you to everyone who has trusted Hacken, challenged us, and built alongside us. We wish you a peaceful holiday season and an exciting start to 2026!
