Hackers have breached the decentralized authentication project Humanity Protocol, leading to a massive sell-off of its native token, H. According to on-chain data, attackers obtained private keys belonging to a foundation member and drained about 17 wallets, stealing over $32 million in digital assets.
The compromised private keys allowed the attacker to empty wallets and mint an additional 100 million H tokens on the BNB Chain, worth roughly $11 million. This newly minted supply is already being converted into Ether, which could keep selling pressure high in the coming days.
Before the attack, H was trading around $0.67. It quickly crashed to $0.13, and at one point dipped as low as $0.05—a nearly 90% loss within hours. The market reaction was swift, with many investors rushing to exit.
Terence Kwok, founder of Humanity Protocol, confirmed the breach. He explained that attackers specifically targeted private keys belonging to a Humanity Foundation member. In the crypto space, private keys are essentially the keys to the digital wallet, so losing them often leads to catastrophic losses.
The development team has advised users to avoid bridge services and liquidity pools for now. They are also working with security firms and crypto exchanges to limit the damage and track the stolen funds.
Humanity Protocol is known for its palm biometric scanning and zero-knowledge proof technology, which lets users authenticate without sharing personal data. This made it a notable competitor to Worldcoin. The irony isn’t lost on observers: a project built on privacy and security suffered a classic private key compromise.
Security experts have noted that many major cryptocurrency attacks in 2026 have originated from compromised private keys, not smart contract bugs. This incident fits that worrying trend. The attacker’s methodical conversion of stolen tokens into Ether suggests a planned liquidation strategy.
For now, investors are watching closely to see how long the sell-off continues and how much more the H token might drop. The situation is still unfolding, and the market is waiting for further updates from the project team.
This is not investment advice.
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