Yesterday, on November 2, the AXN token was launched by Axion Network. The company promises a high-interest time-locked savings account with daily rewards. Accourding to CoinGecko.com, Axion Network token’s price went from $ 0.00034079 to $ 0.000000015 in a matter of minutes just after the intial launch. Due to an exploit, $ 500,000 worth of Axion tokens, equivalent to 79 000 000 000 Aixons, had been minted and sold soon after the attack. The hacker made use of the unstake function of the Axion stacking function.