Humanity Protocol Suffers $31M Private Key Compromise; H Token Value Plummets 90%

On June 9, 2026, Humanity Protocol, a decentralized identity project, experienced a major security breach resulting in the loss of over $31 million. According to on-chain analyst Specter and founder Terence Kwok, the incident was triggered by the compromise of a foundation member's private key rather than a protocol vulnerability. The attacker allegedly minted 100 million H tokens, leading to a 90% price collapse from 0.7 USDT to 0.052 USDT within 24 hours. This exploit follows a $20 million funding round in January 2025 and a June 25, 2025, token launch. The project, which utilizes palm-print biometrics on Polygon CDK, has previously faced scrutiny from DL News regarding bot activity and allegations of being a shell project. The team is currently collaborating with security experts and exchanges to address the breach.