Humanity Protocol Token Plummets Over 80% After $32 Million Hack

The Humanity Protocol, a decentralized identity project, has seen its H token collapse by more than 80% after a security breach that drained over $32 million from at least 17 separate wallets. Following the hack, the price of H plummeted from approximately $0.67 to around $0.13, briefly sinking to $0.05, documenting an intraday drop of almost 90%.

According to blockchain data, the attackers have not only sold the stolen H tokens for ether but have also minted an additional 100 million H on the BNB Chain, further intensifying the selling pressure on the already depreciating token. The Humanity Protocol has prompted users to refrain from using its bridge—a tool for transferring tokens between different blockchains—and liquidity pools while it collaborates with security firms and exchanges to mitigate the damage.

“Attackers had compromised the private keys of a member of the Humanity Foundation,” said founder Terence Kwok, asserting the severity of the situation. This hack is part of a worrying trend in 2026, where breaches primarily exploit stolen keys rather than software vulnerabilities. For context, earlier this year, the Solana exchange Drift lost approximately $285 million after an administrative key was compromised, and Kelp DAO lost roughly $292 million due to a similar issue.

The extent of the losses from the Humanity Protocol hack continues to rise, with the project actively addressing the breach as the theft unfolds. The focus now rests on how the project will recover and reassure its users about security in the wake of such significant thefts which have become all too common in the current crypto landscape.