#Hemi ($HEMI) – Post-Exploit Process, Exchange Status, and veHEMI Model Summary
1. Exploit and Technical Situation
Attack Details: Due to a vulnerability in the Genesis Drop contract, a loss of 255,000 was incurred. This amount is quite low compared to the team’s total treasury.
Patch and Security: The vulnerability has been closed, and technical updates have been released. The network’s main body (Mainnet core) and the Bitcoin Tunnel (hBitVM) infrastructure are secure.
2. Exchange Reviews and Regulation
Binance: Trading, deposits, and withdrawals are continuing smoothly. Since Binance Labs’ early-stage support for the project was noted and no systemic risk was observed, no restriction or monitoring label has been applied.
Bithumb (Korea): After the incident, Bithumb has placed HEMI under the “Investment Warning” status.
Review Timeline: There is an official decision window between October 5 and 9, 2026. The team is in the process of submitting the technical patch and security reports to the exchange.
Upbit: Upbit canceled its listing decision due to strict consumer protection laws in Korea.
3. Order Book Structure and Price Analysis
Price Movement: Sideways trading (accumulation) continues in the $0,0061 – $0,0064 range. Panic selling has stopped, and volume has stabilized.
Depth Table (Order Book):
The Buy (Bid) side accounts for 58%.
At $0,0065 and $0,0079, there are sell walls (resistances) of ~10 million units.
The market is focused on Bithumb’s decision in October.
4. New Staking and Reward Model (veHEMI)
Release Date: Saturday, September 19, 2026, at 18:00 KST (15:00 UTC).
Speaker: Maxwell Sanchez (Co-founder & Chief Architect at Hemi Labs).
Economic Model:
veHEMI (Vote-Escrowed HEMI): Users who lock their tokens on-chain gain a share of network revenues, emission rewards, and governance (voting) rights.
Price Impact: Unlike flexible staking on Binance, on-chain locking can reduce circulating supply, potentially lowering sell pressure.
1. Exploit and Technical Situation
Attack Details: Due to a vulnerability in the Genesis Drop contract, a loss of 255,000 was incurred. This amount is quite low compared to the team’s total treasury.
Patch and Security: The vulnerability has been closed, and technical updates have been released. The network’s main body (Mainnet core) and the Bitcoin Tunnel (hBitVM) infrastructure are secure.
2. Exchange Reviews and Regulation
Binance: Trading, deposits, and withdrawals are continuing smoothly. Since Binance Labs’ early-stage support for the project was noted and no systemic risk was observed, no restriction or monitoring label has been applied.
Bithumb (Korea): After the incident, Bithumb has placed HEMI under the “Investment Warning” status.
Review Timeline: There is an official decision window between October 5 and 9, 2026. The team is in the process of submitting the technical patch and security reports to the exchange.
Upbit: Upbit canceled its listing decision due to strict consumer protection laws in Korea.
3. Order Book Structure and Price Analysis
Price Movement: Sideways trading (accumulation) continues in the $0,0061 – $0,0064 range. Panic selling has stopped, and volume has stabilized.
Depth Table (Order Book):
The Buy (Bid) side accounts for 58%.
At $0,0065 and $0,0079, there are sell walls (resistances) of ~10 million units.
The market is focused on Bithumb’s decision in October.
4. New Staking and Reward Model (veHEMI)
Release Date: Saturday, September 19, 2026, at 18:00 KST (15:00 UTC).
Speaker: Maxwell Sanchez (Co-founder & Chief Architect at Hemi Labs).
Economic Model:
veHEMI (Vote-Escrowed HEMI): Users who lock their tokens on-chain gain a share of network revenues, emission rewards, and governance (voting) rights.
Price Impact: Unlike flexible staking on Binance, on-chain locking can reduce circulating supply, potentially lowering sell pressure.