🚨 HUMANITY (H) PLUMMETS 71% AFTER $30 MILLION HACK ERASES OVER $1 BILLION IN VALUE Humanity Protocol (H) experienced one of the most dramatic declines of the year in the crypto market following a severe security incident that triggered massive sell-offs. The token plummeted more than 71% within just 24 hours, dropping from levels near $0.85 to intraday lows near $0.05. As a result, its market capitalization fell from nearly $2 billion to approximately $580 million, erasing over $1 billion in value. What Happened? According to the Humanity Foundation, attackers compromised the private keys of a team member. This was not a vulnerability in the smart contracts or a flaw in the core protocol, but rather a custody issue related to access to wallets associated with the project. Reports indicate that the attackers gained control over multiple addresses tied to Humanity Protocol, draining approximately 141 million H tokens on Ethereum. Additionally, several on-chain researchers detected suspicious token minting activity on BNB Smart Chain prior to the massive sell-off on decentralized exchanges. Estimated losses range between $30 million and $36 million. Team Response Humanity Protocol confirmed the incident and advised users to temporarily avoid using the project’s bridge and related liquidity pools. The team suspended affected services, initiated an investigation in collaboration with specialized blockchain security firms, and assured that the core protocol and user funds were not directly compromised. Market Impact Humanity Protocol had become one of the most followed decentralized identity projects in the ecosystem, using palm-scanning biometrics and zero-knowledge technology to verify real users. The project had been experiencing strong growth over recent weeks, making the collapse even more striking. The incident has reignited concerns about private key management and operational security within the industry. In Summary Humanity Protocol suffered a significant security breach caused by compromised private keys, resulting in estimated losses exceeding $30 million. The incident triggered a 71% drop in the price of the H token and erased over $1 billion in market value within hours. Although the core protocol was not directly exploited, the case demonstrates that custody failures remain one of the crypto industry’s greatest risks. ⚠️ Important Disclaimer This information is based on publicly available reports and official statements as of June 9, 2026. It does not constitute investment advice. Always conduct your own research before making any decisions.