Humanity Protocol has suffered a major security breach, with losses now exceeding $30 million according to on-chain analytics platform Lookonchain, as the project’s H token collapsed approximately 90% following the incident.
Onchain analyst Specter flagged the breach, reporting that more than 17 wallets holding H tokens had been drained, with initial loss estimates exceeding $19 million before the figure was revised higher. Funds were traced to multiple suspected attacker addresses. The root cause of the breach has not been officially confirmed.
Humanity Protocol acknowledged the incident on its official account, confirming that private keys belonging to a member of the Humanity Foundation had been compromised. The attacker is reportedly selling H tokens and converting the proceeds into Ethereum, adding sustained selling pressure to the already collapsing token price.
What The Protocol Said
The team urged all users to take one immediate action: do not interact with the bridge or any liquidity pools until a formal all-clear is issued. The statement warned that scammers and impersonators typically exploit incidents of this nature, and confirmed the team will never send direct messages first or ask for seed phrases or private keys. Official updates will only come from the Humanity Protocol account or co-founder Terence Kwok.
The project said it is working with security experts and exchange partners to assess the full scope of the breach and secure affected systems.
Market Impact
The H token fell approximately 90% intraday following news of the exploit, with the attacker’s ongoing conversion of stolen tokens into Ethereum preventing any meaningful price recovery. The scale of the selloff reflects both the direct liquidation pressure from the attacker and broader panic among holders rushing to exit.
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