Humanity Protocol’s H token crashed more than 80% Tuesday after attackers stole the private keys behind the project and drained more than $30 million, the latest in a year of crypto thefts that go after keys rather than code.
Around 17 wallets linked to the project were emptied, with losses exceeding $32 million and continuing to rise, according to on-chain data assessed by CoinDesk.
The thief sold the stolen H for ether and minted another 100 million H, worth around $11 million, on the BNB chain, according to blockchain data, indicating increased selling pressure to come.
H rose from around $0.67 to almost $0.13 and briefly touched $0.05, an intraday decline of around 90%.
Humanity confirmed the breach, with founder Terence Kwok saying 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 brought under control, and said it was working with security firms and exchange partners.
Humanity Protocol is a decentralized identity project that uses palm biometrics and zero-knowledge cryptography to allow people to prove they are human without revealing personal data, positioning itself as a rival to Sam Altman’s Worldcoin.
Hacking fits into the dominant pattern of 2026, in which the biggest losses come from stolen keys rather than faulty codes. The Solana Drift exchange lost around $285 million in April after attackers seized an administrative key, and Kelp DAO lost around $292 million in the same month via a single validator bridge.
H last traded around $0.13, down about 82% on the day, with the theft still ongoing.
