Yes

>>The theft of the Humanity Protocol's private key caused the H token to plummet by 90%.

The theft of the Humanity Protocol's private key caused the H token to plummet by 90%.

crypthub

about 16 hours ago

Protocol Exploit Overview

Humanity Protocol recently suffered a severe exploit, causing its native H token to lose approximately 90% of its value. Initial losses totaled $4M from a compromised team wallet, but the damage climbed to an estimated $31M. Due to the security failure, the team advised users to avoid interacting with bridges or liquidity pools until multisig control is fully recovered.

Source of the Vulnerability

The core issue was traced back to a foundation member exposing private keys. This compromise allowed the draining of over 19 wallets and significant protocol holdings. Furthermore, the rapid movement of funds post-exploit has drawn parallels to state-actor hacking methods.

Market and Project Implications

The protocol had previously raised $50M from major venture capitalists, suggesting significant backing. Despite its established nature, the incident exposed critical security gaps. Future market volatility is compounded by scheduled, large token unlocks that affect the token's free float.