Humanity Protocol Token surges 210%, leading the way among cryptocurrencies in price increases.

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Humanity Protocol's H Token surged over 200%, leading the entire crypto market in daily gains, as buying pressure returned just days after the June 8, 2024 hacking incident.

This Token has seen the strongest price increase in the market, recovering some of its lost value after hackers gained control of the private keys.

H Token recovers strongly after a sharp drop due to a cyberattack.

On Sunday, the H Token traded around $0.627. This represents an increase of approximately 210% in a single day.

This surge extends the recovery that began when the Token dropped more than 80% on the day of the attack. The Token 's current market Capital is approximately $1.1 billion, ranking 64th in the entire market.

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Predicting the price of the Humanity Protocol (H) Token Predicted price of Humanity Protocol (H) Token. Source: BeInCrypto Markets

The upward trend of H Token coincided with a slight increase in the overall crypto market. The total market Capital increased by approximately 1% in 24 hours due tothe temporary easing of US-Iran tensions . However, the increase in H Token still far outpaced the overall market.

Quantstamp points to the Humanity Protocol attack as being linked to a North Korean hacking group.

Meanwhile, Humanity Protocol published an investigative report from the security firm Quantstamp on June 12, 2024. This report describes the tools and methods characteristic of North Korean hacker groups (DPRK).

The investigation team discovered that the intrusion originated from phishing emails impersonating the South Korean exchange Bithumb . A manager opened an attached file containing malware.

This file then installed remote access software onto the device. The hacker copied the private key and carried out a coordinated cross-chain attack.

“The tools and techniques used suggest the involvement of the DPRK group. The loader bearing Hancom's signature, the use of Stas'm RDP Wrapper, the executable file disguised as Microsoft Defender's Network Inspection Service, and a hidden GuestUser account are all characteristic signs of North Korean hacker attacks as indicated by Quantstamp,” the post stated .

on-chain investigator ZachXBT has also confirmed that the "shady MM/OTC" activity and the private key leak are actually two unrelated issues.

This recovery shows that retail investors still have confidence in the H Token despite the recent incident. However, the risk remains: The attacker still controls the contract on the BNB Smart Chain and could continue to issue more Token .

The ability of H Token to sustain its strong upward momentum depends on the progress of Humanity Protocol's recovery and risk management plan.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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