Wallets linked to Humanity Protocol were drained for over $32 million in an ongoing exploit flagged by onchain analyst Specter on Monday. The breach involved the compromise of private keys belonging to a member of the Humanity Foundation, according to Terence Kwok, founder of Humanity. The exploit caused the H token to plummet 89% in the past 24 hours. Humanity Protocol is a decentralized identity verification project using biometrics and zero-knowledge proofs to allow users to prove their humanness without revealing personal data.
Specter Reports $32 Million in Stolen Funds
Onchain analyst Specter wrote on social media platform X that 17 wallets holding Humanity's native H token were exploited earlier in the day. Losses were initially estimated at around $5 million. In a follow-up message on his Telegram channel, Specter updated that losses have since widened to $32 million. Out of the stolen amount, $23.7 million has been swapped for Ethereum, while around $7.9 million remains in H tokens. "The root cause is still unknown, but the pattern suggests the affected wallets may share a common exposure related to Humanity Protocol," Specter wrote.
Kwok Confirms Private Key Compromise
Following Specter's reporting, Terence Kwok acknowledged the security breach on X and explained that it involved the compromise of private keys belonging to a member of the Humanity Foundation. "We're already working with security experts and our exchange partners on resolution," Kwok wrote. "We're deeply sorry --- protecting this community is our responsibility, and we'll keep you updated every step of the way."
H Token Drops 89% Following Exploit News
The news of the exploit caused the H token to plummet in value. The cryptocurrency is down 89% in the past 24 hours, according to CoinGecko data.
FAQ
How much was stolen in the Humanity Protocol exploit?
Onchain analyst Specter reported that losses widened to $32 million. Out of the stolen amount, $23.7 million has been swapped for Ethereum, while around $7.9 million remains in H tokens.
What caused the Humanity Protocol wallets to be drained?
Terence Kwok, founder of Humanity, explained that the exploit involved the compromise of private keys belonging to a member of the Humanity Foundation. The root cause is still unknown, according to Specter.
How did the H token price react to the exploit?
The H token plummeted 89% in the past 24 hours following the news of the exploit, according to CoinGecko data.
