The decentralized identity initiative disclosed that hackers accessed the keys of a foundation member, leading to the offloading of stolen H tokens for ether.
By Shaurya Malwa Jun 9, 2026, 4:54 a.m. 2 min readMake preferred onKey Details:
- The H token of Humanity Protocol saw a drop exceeding 80% after the theft of private keys associated with the project, resulting in over $30 million being drained from at least 17 wallets.
- The hacker has been exchanging stolen H tokens for ether while also minting additional H tokens on the BNB Chain, thereby increasing selling pressure as the token's price declined from around $0.67 to approximately $0.13, with a brief dip to $0.05.
- Humanity Protocol, which employs palm-scan technology for decentralized identity verification, has advised users to refrain from utilizing its bridge and liquidity pools while it collaborates with security firms and exchanges in response to a surge in key-related crypto hacks in 2026.
Article Summary
BTCBTC$63,228.15◢0.88%The H token of Humanity Protocol experienced a significant crash of over 80% on Tuesday following the theft of private keys that drained more than $30 million, marking another incident in a year characterized by crypto thefts targeting keys rather than the underlying code.
Approximately 17 wallets connected to the project were compromised, with losses exceeding $32 million according to on-chain data analyzed by CoinDesk.
The perpetrator has been offloading the stolen H tokens for ether and has minted an additional 100 million H tokens, valued at about $11 million, on the BNB Chain, indicating further selling pressure in the market.
The price of H dropped from approximately $0.67 to nearly $0.13, with an intraday low of about $0.05, reflecting a nearly 90% decline.
Terence Kwok, the founder of Humanity, confirmed the security breach, stating that the attackers compromised the private keys of a Humanity Foundation member.
The project has urged its users to avoid using its bridge, which facilitates the transfer of tokens between blockchains, and its liquidity pools until the situation is resolved. It is currently working with security experts and exchange partners to address the issue.
Humanity Protocol is a decentralized identity solution that leverages palm-scan biometrics and zero-knowledge cryptography, enabling individuals to verify their humanity without disclosing personal information, and positions itself as a competitor to Sam Altman's Worldcoin.
This incident aligns with the prevailing trend of 2026, where significant losses have stemmed from compromised keys instead of vulnerabilities in code. For instance, the Solana exchange Drift lost around $285 million in April due to the seizure of an administrative key, while Kelp DAO suffered a loss of approximately $292 million the same month from a single-validator bridge exploit.
The H token was last observed trading at roughly $0.13, down about 82% for the day, with the theft still ongoing.
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