Humanity Protocol’s H token crashes nearly 90% after attackers steal private keys and drain $32 million

By Vivian Nguyen · Published June 9, 2026 · 3 min read · Source: Crypto Briefing

Humanity Protocol’s H token crashes nearly 90% after attackers steal private keys and drain $32 million

The breach highlights the critical need for robust security measures in crypto projects to prevent massive financial losses and trust erosion.

Add us on Google by Vivian Nguyen Jun. 9, 2026

Humanity Protocol’s H token tumbled nearly 90% after a major security breach exposed private keys connected to the project, allowing attackers to drain more than $30 million from at least 17 wallets.

H crashed from $0.68 to as low as $0.079 after the incident surfaced, according to CoinGecko data. The token later recovered to about $0.12, though it remained down 85% over the past 24 hours.

After Humanity Protocol was exploited for more than $30 million, the attacker began dumping H and converting proceeds into ETH, according to on-chain analysts.

Investigators then identified the minting of 100 million H tokens on BNB Chain, adding an estimated $11.4 million in fresh supply and fueling concerns about additional downside pressure.

Those fears intensified when another 100 million H was minted. By then, the attacker had already realized approximately 18,510 ETH ($30.83 million) and 1,548 BNB ($924,000) through the sales of H.

The exploiter still controls around 111 million H, worth approximately $14 million, although on-chain liquidity is now close to being depleted.

Note that the #Humanity hacker has minted another 100M $H on BSC.

By selling $H, the hacker has already obtained 18,510 $ETH($30.83M) and 1,548 $BNB($924K).

The hacker still holds 111.36M $H($14M) ready to be sold.

However, on-chain liquidity is nearly exhausted. 🚨 https://t.co/vSArj5j185 pic.twitter.com/aA56QhdNDr

— Lookonchain (@lookonchain) June 9, 2026

Humanity Protocol confirmed that the attack resulted from compromised private keys belonging to a member of the Humanity Foundation. Founder Terence Kwok acknowledged the breach and said the team is responding with external security and exchange partners.

We've detected a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation. As a precaution, please do not interact with the bridge or any liquidity pools until we confirm it's safe.

We're already working with security experts…

— Terence Kwok 「 🖐️ ✦ 🌏 」 (@terencekwok) June 9, 2026

Users have been advised to avoid the protocol bridge and liquidity pools until further notice.

ZachXBT says Humanity Protocol incident looks too convenient

Crypto sleuth ZachXBT cast doubt on Humanity Protocol’s account of the breach, saying the incident “seems possibly staged” and that he was “not buying the team’s story.”

According to ZachXBT, it is still unclear whether the event was a genuine theft or the actions of a market maker exiting positions. He cited H’s supply concentration and noted that the dumped tokens were sold through decentralized exchanges rather than centralized venues.

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

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

This article was originally published on Crypto Briefing and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].