Humanity Protocol's H token crashes 80%+ after $32M…

Humanity Protocol's H token collapsed more than 80% on Tuesday after attackers stole the private keys of a Humanity Foundation member and drained over $32 million from at least 17 wallets. H fell from roughly $0.67 to near $0.13, briefly touching $0.05 intraday — a near-90% single-session wipeout. The theft is still in progress, per on-chain data assessed by CoinDesk.

The attacker has been swapping stolen H for ether and separately minted an additional 100 million H tokens — worth approximately $11 million — on BNB Chain, creating a sustained overhang of sell pressure. Founder Terence Kwok confirmed the breach and urged users to avoid the project's cross-chain bridge and liquidity pools while Humanity works with security firms and exchange partners to contain the damage.

Why it matters

Humanity Protocol is a palm-scan biometric identity project using zero-knowledge cryptography to verify personhood without exposing personal data, positioning itself as a direct rival to Sam Altman's Worldcoin. The hack fits the dominant 2026 pattern: the year's largest losses have come from compromised private keys rather than smart-contract exploits. Solana's Drift exchange lost roughly $285 million in April after an administrative key was seized, and Kelp DAO lost approximately $292 million the same month through a single-validator bridge compromise.

Market impact

H last traded around $0.13, down approximately 82% on the day with the theft still active. The 100 million freshly minted H tokens on BNB Chain represent additional latent supply that could extend the drawdown further. Until Humanity can revoke or isolate the compromised keys and freeze exchange deposits, the token faces structural selling pressure from both the stolen supply and any residual holder panic.