Humanity Protocol has announced a full token migration and 1:1 airdrop of a new H token, the project's first concrete step to compensate holders after the $36 million exploit on June 8.
The team posted the recovery plan on X on Monday. It confirmed that the former H token on Ethereum, BNB Chain, and Humanity Mainnet has been sunsetted and replaced with a newly audited ERC-20 contract deployed on Ethereum.
New tokens will be airdropped 1:1 to holders based on snapshots taken on Ethereum, BNB Chain and Humanity Mainnet, on June 8, just before the exploit. The H token was down roughly 27% on Monday to around $0.22, per CoinGecko, and has lost about 73% from its June 2 all-time high of $0.84.
"We know the wait has been hard, and your patience through this has meant everything to us," Humanity Protocol said.
Standard externally owned accounts holding H on any of the three chains at snapshot time will receive the new token directly, with no action required. Wallets linked to the attacker and addresses identified by security firm Quantstamp during the post-exploit investigation have been excluded.
