Wallets that interacted with Humanity Protocol are being targeted in an ongoing exploit, onchain analyst Specter flagged on Monday.
On social media platform X, Specter wrote that 17 wallets holding Humanity's native H token were exploited earlier in the day. Losses were initially estimated at around $5 million.
In a follow-up message on his Telegram channel, the onchain analyst updated that losses have since widened to $32 million. Out of the stolen amount, $23.7 million has been swapped for Ethereum, while around $7.9 million remains in H tokens.
"The root cause is still unknown, but the pattern suggests the affected wallets may share a common exposure related to Humanity Protocol," Specter wrote.
Following Specter's reporting, Terence Kwok, founder of Humanity, acknowledged the security breach on X and explained that it involved the compromise of private keys belonging to a member of the Humanity Foundation.
