The Humanity Protocol's H token crashed more than 80% on Tuesday after attackers stole the private keys behind the project and drained over $32 million, the latest in a year of crypto thefts targeting keys rather than code.
About 17 wallets tied to the project were emptied, with losses topping $32 million and still climbing, per on-chain data. The thief has been selling the stolen H for ether and minted another 100 million H on the BNB Chain, signaling more selling pressure ahead.
H fell from about $0.67 to near $0.13, an intraday drop of roughly 80%, and briefly touched $0.05.
Humanity confirmed the breach, with founder Terence Kwok stating attackers compromised the private keys of a member of the Humanity Foundation. The project urged users to stop touching its bridge and liquidity pools until the issue is contained, and said it is working with security firms and exchange partners.
Humanity Protocol is a decentralized identity project that uses palm-scan biometrics and zero-knowledge cryptography, positioning itself as a rival to Sam Altman's Worldcoin.
The hack fits the dominant pattern of 2026, where the biggest losses have come from stolen keys rather than flawed code. Solana exchange Drift lost about $285 million in April after attackers seized an administrative key, and Kelp DAO lost roughly $292 million the same month through a single-validator bridge.
H last traded around $0.13, down about 82% on the day, with the theft still ongoing.