A new week in crypto means a new hack. The Bitcoin Foundation editorial team explains how hackers attacked the DeFi project Humanity Protocol and stole over $30 million.
Humanity Protocol, a decentralized biometric identity verification project, has suffered a serious security incident. More than 17 wallets linked to the protocol were drained. Total losses exceed $32M.
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Lookonchain analysts reported that the attacker minted an additional 100 million H tokens on BNB▼$586.83 Smart Chain. The hacker then actively sold the assets, converting them into Ethereum (ETH) and BNB. At the time of the attack, approximately 18,510 ETH▼$1,640.54 (~$30.8M), and 1,548 BNB (~$924K) were withdrawn. Another 111 million H, roughly $14M at current prices, remain in controlled addresses.
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Reaction to the Hack: What the Team Says and What’s Happening to H Token Price
Project founder Terence Kwok confirmed the incident and stated that the cause was the compromise of private keys belonging to a member of the Humanity Foundation.
The team urged users to temporarily avoid interacting with the bridge and liquidity pools pending the investigation. Humanity is cooperating with security experts and exchanges.
The H token crashed as much as 90% in a single day, falling from $0.74 to around $0.05-$0.072. At the time of publication, the cryptocurrency traded at approximately $0.12. The 24-hour drop was about 82%.
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A Murky Hack Story
Prominent on-chain researcher ZachXBT has questioned the team’s explanation. He called the incident a “very convenient exit” for an active market maker and said he does not believe the simple private key compromise story.
He also noted the high concentration of H token supply and that the entire volume was sold through decentralized platforms.
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About Humanity Protocol
Humanity Protocol is a notable project in the decentralized identity space, using biometrics and zero-knowledge proofs. The project positioned itself as a competitor to Sam Altman’s Worldcoin.
The incident has further damaged trust in projects handling sensitive user data. The hack has intensified discussions about the risks of centralized key control, even in supposedly decentralized protocols.
Humanity Protocol’s team has promised regular updates and a full investigation.
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