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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.
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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…

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coinstats.app broke the news on Tuesday, June 9, 2026.
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