Humanity Protocol, a decentralized digital identity project utilizing privacy-preserving biometric verification, has experienced a severe security breach. The protocol's native asset, the H token, suffered a rapid 90% price collapse within a 12-hour window.
The sharp market downturn effectively wiped out more than $1 billion in market capitalization. This correction materializes just days after the token logged a notable 339% upward rally, driven by speculative momentum surrounding decentralized identity infrastructure.
Exploit Details and Exploded Market Valuation
On-chain data indicates that the attacker gained unauthorized access to digital assets linked directly to Humanity Protocol applications. According to network monitors such as PeckShield, the exploiter systematically drained over $31 million from associated project wallets.
Following the initial asset extraction, the attacker initiated market conversions, liquidating the stolen $H tokens into Ethereum ($ETH) and Binance Coin ($BNB) via decentralized exchange pools. This immedi...
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