Humanity Protocol’s H token crashed more than 80% on Tuesday after attackers stole the private keys behind the project, draining more than $30 million, the latest in a year of crypto thefts that go after keys rather than code.
About 17 wallets linked to the project were emptied, with losses exceeding $32 million and counting, as of on-chain data assessed by CoinDesk.
The thief has sold the stolen H for ether and minted another 100 million H, worth about $11 million, on the BNB chain, blockchain data shows, pointing to more selling pressure ahead.
H fell from around $0.67 to near $0.13 and briefly touched $0.05, an intraday drop of around 90%.
Humanity confirmed the breach, and founder Terence Kwok said the attackers had compromised the private keys, the secret codes that control crypto wallets, of a member of the Humanity Foundation.
The project urged users to stop touching its bridge, the tool that moves tokens between blockchains, and its liquidity pools until the problem is contained, and said it was working with security firms and exchange partners.
Humanity Protocol is a decentralized identity project that uses palm scan biometrics and zero-knowledge cryptography to let people prove they are human without revealing personal data, positioning itself as a rival to Sam Altman’s Worldcoin.
The hack fits the dominant pattern in 2026, where the biggest losses have come from stolen keys rather than flawed code. Solana exchange Drift lost about $285 million in April after attackers seized an administrative key, and Kelp DAO lost about $292 million the same month through a single-validator bridge.
H last traded around $0.13, down about 82% on the day, with the theft still ongoing.
