Hack Triggers Massive Sell-Off
H token suffered a dramatic crash after Humanity Protocol confirmed that a security breach linked to compromised private keys had impacted the project. The incident reportedly led to losses exceeding $30 million, sending investors rushing for the exit.
Blockchain analysts reported that attackers gained access to multiple wallets before moving funds and exchanging stolen tokens for ETH. The situation escalated further when hackers allegedly minted additional H tokens and sold them into the market.
H Token Loses More Than 90%
The fallout was immediate. H token plunged more than 90% within hours, wiping out a large portion of its market value. Trading activity surged as holders scrambled to reduce their exposure amid growing uncertainty.
Security researchers described the event as one of the most unusual incidents seen in recent months, with questions emerging around how the breach unfolded and whether further selling pressure could follow.
Community Demands Answers
Humanity Protocol said it is working with security specialists and exchange partners to investigate the attack and secure affected systems. The team also urged users to avoid interacting with related liquidity pools and cross-chain services until further notice.
Meanwhile, skepticism has grown across the community. Blockchain investigator ZachXBT questioned the official explanation, stating:
“The incident seems possibly staged. I am not buying the team’s story.”
With a scheduled token unlock approaching later this month, investors are now closely watching for updates as the project attempts to recover from the crash.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
