Humanity Protocol Hit by $32 Million Exploit as H Token Crashes 89%

Humanity Protocol is facing a major security incident after wallets connected to the project were drained of more than $32 million in digital assets. According to onchain data, at least 17 wallets holding the protocol’s native H token were affected in the exploit.

Initial losses were estimated at around $5 million, but the figure later climbed significantly as investigators tracked additional stolen funds. Reports indicate that approximately $23.7 million of the stolen assets were swapped into Ethereum, while nearly $7.9 million remains held in H tokens.

Private Key Compromise Identified as Cause

Humanity Protocol founder Terence Kwok confirmed the incident and said the breach was linked to a compromised private key belonging to a member of the Humanity Foundation. The project stated that it is working with security specialists and exchange partners to investigate the attack and limit further damage.

H Token Suffers Sharp Market Decline

The security breach triggered heavy selling pressure across the market. The H token plunged 89% within 24 hours as investors reacted to the incident and uncertainty surrounding the project’s security.

Humanity Protocol focuses on decentralized identity verification, using biometric technology and zero-knowledge proofs to help users verify their identity while keeping personal information private. The investigation into the exploit remains ongoing.