The $H token is trading near $0.20 after staging a 41% relief rally from its post-exploit lows, a bounce that looks impressive until you remember the token was sitting near $0.67-$0.74 just days ago.
Humanity Protocol, a decentralized biometric identity project, suffered a devastating security breach on June 8-9 that erased more than $1 billion in market capitalization in a matter of hours. The token cratered 80-90% from its pre-hack levels, hitting lows around $0.05-$0.13 before the current bounce materialized.
How the exploit happened
The attack vector was painfully simple. Malware on a developer’s laptop compromised the private keys for Gnosis Safe wallets controlling Humanity Protocol’s Ethereum and BNB Chain bridges. Not a smart contract vulnerability. Not some exotic DeFi composability bug. A compromised laptop.
The attackers used those keys to drain approximately 141 million $H tokens from the Ethereum bridge while minting roughly 200 million additional $H tokens on BNB Chain. The operation spanned 17-19 wallets, with the stolen tokens quickly converted into ETH and BNB.
