An ongoing exploit is believed to be targeting wallets that have interacted with the Humanity Protocol, according to an alert from on-chain analyst Specter.
On X, Specter stated that 17 wallets holding Humanity's H tokens were hacked that day, initially estimating the losses at around $5 million. Later, on Telegram, he updated the figure to approximately $32 million. Of the stolen funds, about $23.7 million was converted to Ethereum, while approximately $7.9 million remained in H tokens.
Specter stated that the root cause remains unclear, but the "pattern" suggests that the affected wallets may have a commonality related to previous contact/interaction with the Humanity Protocol.
Following these reports, Terence Kwok – the founder of Humanity – confirmed the incident on X and stated that it stemmed from the leak of a private key belonging to a member of the Humanity Foundation. He said the team is working with security experts and exchange partners to resolve the issue, apologized to the community, and promised continuous updates.
By Monday evening, Specter went on to say the hacker had "minted" another 100 million H tokens and was dumping them for BNB.
Conversely, on-chain investigator ZachXBT expressed skepticism about the team's explanation, questioning whether it was truly a theft or a move related to market makers (MMs). ZachXBT suggested that the "private key leak" story could be a convenient excuse for an active MM to withdraw.
Previously, Specter had also reported that some of Humanity's leaders had "dubious pasts," involving poor management, lawsuits, or financial misconduct. This news caused the H token to plummet: according to CoinGecko data, H has dropped approximately 89% in the past 24 hours.
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The article "Humanity Protocol Wallet Withdrawn Over $32 Million, Token Plunge 89%" first appeared on CoinMoi .
