Wallets linked to Humanity Protocol drained for over $32 million, token plunges 89%
- On Tuesday, Humanity Protocol's native H token crashed 89% after attackers compromised private keys and drained more than $30 million from the project.
- Onchain analyst Specter flagged the ongoing exploit Monday, reporting 17 wallets were emptied and noting the affected wallets may share a common exposure related to Humanity Protocol.
- Losses have widened to $32 million, with the thief minting 100 million additional tokens on the BNB Chain and swapping $23.7 million for Ethereum.
- Founder Terence Kwok confirmed the breach, stating, "We're already working with security experts and our exchange partners on resolution," while urging users to avoid the bridge.
- Prominent onchain sleuth ZachXBT questioned the team's narrative, writing, "Unsure whether it's a theft or MM ," amid April's Drift Protocol exploit that cost about $285 million.
47 Articles
47 Articles
Humanity Protocol, whose price plummeted by over 80% in a single day due to a hack, has been revealed to be operating poorly even in its core identity verification service, a feature it has touted. As questions are raised regarding the project's technical completeness, criticism is also being leveled at virtual asset exchanges that listed it regarding whether they underwent sufficient verification procedures. On the 10th, Humanity (H), the nativ…
Humanity Protocol's H crash exposes the private keys behind its ZK identity pitch
Amid crypto's ongoing DeFi hack crisis, Humanity Protocol's H token crash has turned a biometric identity project into the latest example of the sector's oldest failure mode: control of keys. The project is built around proof-of-humanity infrastructure, with official materials describing palm biometrics, zero-knowledge proofs, decentralized identifiers, and verifiable credentials as parts of a privacy-preserving identity stack. Yet the H crisis …
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