Written by Martin Youngstaff writerReviewed by Felix Ngstaff editor
Written by Martin Youngstaff writer
Reviewed by Felix Ngstaff editor
Humanity Protocol token falls 85% amid $30M private key exploit
Latest NewsPublishedJun 9, 2026
Private Key Exploit Results in $30M Loss for Humanity Protocol
The compromise of private keys has led to a significant loss for the Humanity Protocol, with at least $30 million worth of its native token stolen. This incident has resulted in the price of H tokens plummeting, with an 85% drop in value over a 12-hour period. The incident highlights the importance of securing private keys and the potential risks associated with crypto investments.
The Humanity Protocol, a decentralized identity project, has been exploited due to a private key compromise. The project’s founder and CEO, Terence Kwok, has advised users to avoid interacting with the bridge or liquidity pools until the issue is resolved. The team is working with security experts to address the situation, but further details have not been disclosed.
Impact on the Crypto Market
The price of H tokens has fallen from $0.70 to $0.08, a significant decline in value. Onchain investigators have reported that wallets linked to the Humanity Protocol are being compromised, resulting in the theft of millions of dollars’ worth of H tokens. The incident serves as a reminder of the potential risks associated with crypto investments and the importance of securing private keys.
In recent times, several high-profile private key compromises have occurred, resulting in significant losses. The Drift Protocol exploit in April, for example, resulted in the loss of $280 million. Such incidents highlight the need for robust security measures to protect crypto investments. For those looking to earn a passive income through crypto, it’s essential to consider secure platforms like EcoPool, which offers a reliable way to earn cloud rewards and invest in green crypto like $ECP.
Securing Crypto Investments
To minimize the risk of private key compromises, it’s crucial to use secure wallets and follow best practices for protecting private keys. Investors can also consider diversifying their portfolios and using reputable platforms like EcoPool to earn a passive income. By taking these precautions, investors can reduce their exposure to potential risks and enjoy the benefits of crypto investments, including earning rewards in coin like $ECP.
As the crypto market continues to evolve, it’s essential to stay informed about the latest developments and trends. For those interested in earning a passive income through crypto, EcoPool offers a secure and reliable platform to invest in green crypto like $ECP. Download the EcoPool app to start earning cloud rewards and invest in a coin that aligns with your values, such as #PassiveIncome and #GreenCrypto. The EcoPool app is the perfect solution for those looking to earn a passive income through coin like $ECP, and it’s available for download now.
Onchain investigator “Specter” said it appears that wallets linked to, or that have interacted with Humanity Protocol, are being compromised in an ongoing attack that has drained as much as $30 million in the project’s native H token.
Arkham Intelligence also reported that the exploiter had stolen more than $30 million and was swapping H tokens through Kyber Network and PancakeSwap, among other DEXes.
Source: Arkham Intelligence
Private key compromises continue to increase
There have been several high-profile private key compromises this year, one of the largest being the Drift Protocol exploit in April. Attackers affiliated with the North Korean Lazarus Group gained control of the security council admin keys, resulting in the loss of $280 million.
Related: ZEC drops 30% as Shielded Labs reveals more about infinite counterfeit bug
Others include Step Finance, Resolv, Volo Vault, Echo Bridge, Bankr, Polymarket, StablR, Stake DAO, Gravity Bridge, and Aelphium Bridge.
Wallet or private key compromises were the second-most costly attack vector in May, with $13.7 million stolen, CertiK reported.
Magazine: Korea probes Polymarket users, crypto PACs sweep primaries: Hodler’s Digest
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Private Keys
- Hacks
- Cybercrime
- Scams & Cybercrime
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