Humanity Protocol Hack Triggers 90% H Token Crash After $32 Million Exploit

Highlights:

• The Humanity Protocol hack wiped out the value of the H token after attackers stole more than $32 million.
• Attackers drained 187.6 million H tokens and later minted another 100 million tokens on BNB Smart Chain.
• Investors are awaiting answers on security controls and the project’s recovery plan.

Humanity Protocol’s H token fell nearly 90% after attackers gained access to private keys belonging to a Humanity Foundation member. The breach triggered one of the largest targeted crypto security incidents of this year. Founder Terence Kwok confirmed the compromise and said the team was working with security firms and exchange partners to contain the damage.

PeckShieldAlert reported that attackers drained H tokens from more than 280 wallets linked to Humanity Protocol. The attackers removed about 187.6 million H tokens during the coordinated operation. Onchain analyst Specter initially estimated losses at about $5 million after identifying compromised wallets. However, investigators later increased the estimate to more than $32 million as they tracked additional stolen assets.

#PeckShieldAlert Speter reported that @Humanityprot
-linked wallets were being compromised. The hacker has drained ~187.6M $H across over 280 wallets so far.
The stolen assets have been swapped for ~$30M worth of major crypto: 16.5K $ETH ($27.5M) & 2.7K $BNB ($1.6M). pic.twitter.com/gnUjN6MxTu

— PeckShieldAlert (@PeckShieldAlert) June 9, 2026

Specter reported that the attackers converted about $23.7 million worth of stolen assets into Ethereum. Blockchain data also showed the attackers still held nearly $7.9 million worth of H tokens. Attackers exchanged the stolen funds for roughly 16,500 ETH and 2,700 BNB. After the conversions, the exploiter’s portfolio reached an estimated value of about $45 million.

The market reacted immediately as news of the breach spread. H dropped from around $0.70 to near $0.1569 within hours. According to CoinMarketCap data, the token lost more than 78.23% of its value in one day. The trading volume surged above $513 million as investors rushed to reduce exposure.

Humanity Protocol Hack Raises New Supply And Liquidity Fears

The security incident expanded after investigators uncovered additional activity on BNB Smart Chain. Reports from Specter, Lookonchain, and Blockaid showed that the attacker gained control of the H token’s proxy admin. That development transformed the incident from a wallet compromise into a broader token security threat.

The same attacker has now extended the exploit on BSC by taking over the H token's proxy admin and minting an additional 100,000,000 H (~$12.9M) to a fresh wallet.

Mint tx: 0x5a8f82f1064a7846ab3eb77bd1d36ec52dfd773c3957ad0aeea28da95fe9c5fb
H token (BSC):…

— Blockaid (@blockaid_) June 9, 2026

The attacker minted an additional 100 million H tokens and transferred them to a newly created wallet. Blockchain monitoring platforms valued the newly minted tokens at approximately $12.9 million. The unauthorized minting immediately raised concerns about supply integrity and token governance.

According to the Arkham data, the attacker has been consistently selling approximately 2.99 million H tokens per transaction. The attacker channeled these sales through Kyber Network and DexAggregator. Every deal took liquidity from the marketplace and put strain on the price of the token.

Humans Protocol advised users not to use its bridges or liquidity pools until the investigation was complete. The team cautioned users that there may be further risks with interconnected infrastructure during the investigation.

The exploit exposed deeper concerns than a typical wallet breach. A compromised private key allows attackers to transfer assets from affected wallets. However, proxy admin control allows attackers to mint tokens, alter permissions, and influence supply.

Questions Grow Around Governance And Recovery Efforts

Humanity Protocol uses palm biometrics and zero-knowledge proofs to verify users without exposing personal information. Since its launch, Humanity Protocol has raised $50 million from investors including Pantera Capital, Jump Crypto, Animoca Brands, and Blockchain.com.

The hack further fueled worries regarding governance and transparency. ZachXBT openly contradicted the team’s explanation and admitted he was not buying into the story behind the breach. He recommended that investors be provided with more clarity on market-making arrangements. ZachXBT also raised doubts on whether the incident was a market maker exit, but there is no public evidence to suggest that.

The “incident” seems possibly staged I am not buying the teams story it’s a convenient way for the active MM to have exited https://t.co/rLrVCaB01u pic.twitter.com/lDMkylj4jE

— ZachXBT (@zachxbt) June 9, 2026