Humanity Protocol’s H token lost 88 percent of its value within 24 hours after a reported security breach that caused more than $30 million in losses. Attackers allegedly gained access to private keys belonging to a Humanity Foundation member, while on-chain data shows the stolen assets were quickly converted into Ethereum.
Humanity Protocol hacked
Humanity Protocol suffered a severe security breach on June 8, 2026. According to on-chain analysts, attackers gained access to private keys belonging to a person within the Humanity Foundation and drained at least 17 wallets. Initial reports pointed to a $5 million loss, but in the following hours, the damage was confirmed to have exceeded $30 million.
The H token went into free fall after the incident. At its lowest point during the day, the coin dropped to around $0.072. This marked its lowest level since mid-December 2025 and stood far below the record high the token reached just a week earlier.
How did the incident happen?
On-chain analyst Specter was the first to detect the attack and share it publicly. Specter disclosed the 17 wallets that were hit, along with five separate theft addresses linked to the incident.
On-chain data showed that the attacker sold the seized H tokens and converted them into Ethereum (ETH). According to data tracked by Lookonchain, the attacker’s wallet accumulated around $27 million worth of ETH during this process. The selling pressure quickly pushed the token price down from $0.74 to $0.12.
Founder issues statement
Humanity Protocol founder Terence Kwok publicly addressed the incident on social media. Kwok linked the breach to the compromise of private keys belonging to a Humanity Foundation member and urged users not to interact with the bridge or liquidity pools.
“We are aware of a security incident involving the compromise of private keys belonging to a Humanity Foundation member. As a precaution, we ask that you do not interact with the bridge or any liquidity pool until we can confirm that it is safe,” Kwok said.
The project team also issued a separate statement, saying it was working in coordination with security firms and exchange partners. The statement emphasized that core protocol funds remained safe. The team apologized to the community and pledged to share verified updates as the investigation progresses.
Critical timing ahead of token unlock
The breach came just weeks before Humanity Protocol’s token unlock event scheduled for June 25. While the project described the incident as a security breach, on-chain investigator ZachXBT presented a different view. ZachXBT said he did not accept the official explanation linking the breach to compromised private keys and argued that the timing was suspicious. He also implied that the incident may have been staged shortly before investor tokens were set to unlock.
ZachXBT further called on the project to disclose its active market maker agreements, demanding more transparency on behalf of the community.
Humanity Protocol is a Layer-2 blockchain network focused on digital identity verification in the Web3 ecosystem. Before the breach, the H token had reached a record high last week. However, this attack has now become the project’s most serious crisis to date and one of the largest crypto security incidents of the month.
