Humanity Protocol's H Token Crashes Over 80% After $30M Private-Key Hack

Humanity Protocol's H token plunged more than 80% after attackers obtained private keys linked to the project and siphoned over $30 million from at least 17 wallets. H slid from roughly $0.67 to around $0.13, briefly touching $0.05 at the lows. The selloff was driven by compromised key custody rather than a flaw in the token's smart-contract logic, turning a single breached key into a broader liquidity shock. Humanity said the private keys belonged to a member of the Humanity Foundation and urged users not to interact with the project's bridge or liquidity pools while it works with security firms and exchange partners to contain the incident. On-chain activity added pressure beyond the initial drain. The attacker sold stolen H for ether and also minted an additional 100 million H on BNB Chain, valued at about $11 million, increasing supply overhang for holders. At the worst point, the intraday decline approached 90%. The breach comes ahead of a major unlock: about 266 million H, worth roughly $28 million, is set to unlock on June 25 across six allocations, including the foundation treasury and a strategic reserve. Humanity Protocol, a decentralized identity project using palm-scan biometrics and zero-knowledge cryptography, positions itself as a way to prove personhood without exposing personal data. The incident is particularly damaging to that message, as operational key control failed. The drop also lands with institutional attention on the project. Humanity has raised $50 million from 27 investors, including Jump Crypto, Hex Trust and Kingsway Capital. The episode adds to a growing pattern of large crypto losses tied to key compromise and bridge weaknesses. Drift lost about $285 million in April after an administrative key was seized, while Kelp DAO lost roughly $292 million due to a single-validator bridge failure. Humanity now faces the same takeaway: trust narratives unravel quickly when one key controls too much.