H Token Drops 90% as Humanity Protocol Confirms Private Key Compromise Linked to Over $30M in Losses

H token fell roughly 90% after Humanity Protocol disclosed a security incident tied to the compromise of private keys belonging to a member of the Humanity Foundation. On-chain analyst Specter flagged the breach, reporting that more than 17 wallets holding H token were drained in the early phase, with initial losses exceeding $5 million before reportedly climbing past $30 million. The number of addresses drained has since grown into the hundreds, and total losses continue to rise, according to Specter's tracking.

Following the exploit, attackers swapped the drained H tokens into Ethereum ($ETH). Specter also reported that the hackers subsequently minted 100 million H tokens and began dumping them for BNB, contributing to the sharp decline in the token's market price. The scale of the mint-and-dump activity coincided with the steep drop in H token's value over the course of the day.

Humanity Protocol confirmed the incident in a public statement, attributing it to compromised private keys held by a Humanity Foundation member. The team said it is working with security experts and exchange partners to assess the scope of the incident and to secure affected systems. "We're aware of a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation. The safety of our community is our top priority, and we want to be fully transparent about what we know," the project said in a post on X dated June 9, 2026.

As a precaution, Humanity Protocol asked users not to interact with cross-chain bridges or any liquidity pools while the investigation is ongoing. The project did not immediately provide a final figure for total losses or a timeline for restoring normal operations, and the situation remains developing.