Quick Summary
Seventeen wallets linked to Humanity Protocol were exploited and drained for over $32 million. The project’s founder confirmed a private key compromise. The native H token crashed 89% in the past 24 hours.
Exploit Details
Onchain analyst Specter reported the breach on Monday. The affected wallets had previously interacted with Humanity Protocol.
Initial losses were estimated at $5 million but quickly rose to over $32 million. Out of the stolen funds, $23.7 million was swapped for Ethereum, while $7.9 million remains in H tokens. The analyst believes the wallets shared a common exposure related to the protocol.
Founder’s Response
Terence Kwok, founder of Humanity, acknowledged the incident on X. He stated that a private key belonging to a Humanity Foundation member was compromised.
The team is now working with security experts and exchange partners to handle the situation. Kwok apologized to the community and promised regular updates.
Token Impact & Project Overview
The exploit news caused the H token to drop 89% within 24 hours, according to CoinGecko.
Humanity Protocol is a decentralized identity project that uses biometrics and zero-knowledge proofs. It allows users to verify their humanity without revealing personal data. This incident highlights the security risks in the crypto space.
