Humanity Protocol suffers $31M wallet compromise, token H crashes 83%
Unknown attackers compromised wallets linked to Humanity Protocol on June 9, causing an estimated $31 million loss. The project's native token H plunged 83% from $0.70 to $0.12.
On June 9, unknown attackers compromised wallets associated with Humanity Protocol, resulting in an estimated $31 million loss. The project's native token, H, dropped 83% within 24 hours, falling from $0.70 to $0.12.
Founder Terence Kwok confirmed the incident and suggested that one employee's private keys may have been intercepted. However, on-chain researcher ZachXBT questioned the team's explanation, speculating that the breach might be linked to a market maker.
The incident has raised concerns about security practices in the crypto space, with the token's price still under pressure.
Source: ForkLog