AI · The Block
Wallets linked to Humanity Protocol drained for over $32 million, token plunges 89%: onchain analyst
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Wallets that interacted with Humanity Protocol are being targeted in an ongoing exploit, onchain analyst Specter flagged on Monday.
Key facts
- In a follow-up message on his Telegram channel, the onchain analyst updated that losses have since widened to $32 million
- The news of the exploit has caused the H token to plummet in value, the cryptocurrency is down 89% in the past 24 hours, according to CoinGecko data
- On social media platform X, Specter wrote that 17 wallets holding Humanity's native H token were exploited earlier in the day
- Following Specter's reporting, Terence Kwok, founder of Humanity, acknowledged the security breach on X and explained that it involved the compromise of private keys belonging to a member
Summary
On social media platform X, Specter wrote that 17 wallets holding Humanity's native H token were exploited earlier in the day. In a follow-up message on his Telegram channel, the onchain analyst updated that losses have since widened to $32 million. "The root cause is still unknown, but the pattern suggests the affected wallets may share a common exposure related to Humanity Protocol," Specter wrote. Following Specter's reporting, Terence Kwok, founder of Humanity, acknowledged the security breach on X and explained that it involved the compromise of private keys belonging to a member of the Humanity Foundation.