Humanity Protocol, a decentralized identity project, suffered a severe security breach after attackers compromised the private keys of a foundation member. The incident led to the draining of approximately 17 wallets, with losses exceeding $32 million and continuing to climb. Blockchain data shows the thief has been selling the stolen H tokens for ether and minted an additional 100 million H (worth about $11 million) on the BNB Chain, indicating further selling pressure. The H token price crashed from around $0.67 to near $0.13, an intraday drop of about 82%, briefly touching $0.05. Humanity Protocol confirmed the breach, with founder Terence Kwok stating that attackers gained access to the private keys of a Humanity Foundation member. The project advised users to halt interactions with its bridge and liquidity pools until the issue is resolved and is collaborating with security firms and exchange partners. Humanity Protocol uses palm-scan biometrics and zero-knowledge cryptography for identity verification, positioning itself as a competitor to Worldcoin. The hack is part of a 2026 trend where key theft, rather than code exploits, has caused the largest losses, following similar incidents at Solana exchange Drift ($285M in April) and Kelp DAO ($292M). Additionally, a scheduled unlock of 266 million H (worth around $28M) is set for June 25, potentially adding to the sell-off. Humanity raised $50 million from investors including Jump Crypto, Hex Trust, and Kingsway Capital.

Key facts

• Attackers stole private keys of a Humanity Foundation member, draining 17 wallets for over $32 million.
• H token price crashed 82% from $0.67 to $0.13, briefly touching $0.05.
• Thief sold stolen H for ether and minted 100 million H on BNB Chain, adding selling pressure.
• Incident follows 2026 pattern of key thefts, with Drift ($285M) and Kelp DAO ($292M) earlier.
• Scheduled unlock of 266 million H on June 25 may further impact price.

KeyAudit data perspective