Humanity Protocol hacker mints 100M $H tokens on BSC as selling pressure mounts

A compromised employee laptop led to over $30 million in losses and an 80-90% collapse in the H token's price within hours.

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Add us on Google by Editorial Team Jun. 9, 2026

A hacker who breached the Humanity Protocol’s infrastructure has minted 100 million $H tokens on BNB Smart Chain, worth roughly $11.4 million at the time of creation. The freshly minted tokens are now a ticking time bomb of selling pressure for a project that was valued above $1 billion just days ago.

The broader attack has already drained over $30 million from at least 17 wallets tied to the Humanity Foundation. The H token’s price cratered 80-90% within hours, falling from highs near $0.67 to as low as $0.05.

How the attack unfolded

The breach traces back to something painfully mundane: a compromised employee laptop. That single point of failure gave the attacker access to the Humanity Foundation’s private keys, which in turn unlocked administrative control over the protocol’s BNB Smart Chain deployment.

With admin privileges in hand, the attacker minted 100 million H tokens out of thin air, then began systematically converting stolen assets into harder-to-seize forms. The attacker moved funds into approximately 18,510 ETH, valued at around $30.8 million, plus 1,548 BNB worth roughly $924,000.

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Blockchain monitoring services including Lookonchain and Blockaid flagged the escalating situation as the attacker’s wallet activity lit up dashboards across the industry. By the time the dust began settling, the attacker held approximately 111 million H tokens, currently valued at around $14 million.

Humanity Protocol founder Terence Kwok confirmed the root cause was the compromised employee device. He warned users to avoid the project’s bridge and liquidity pools while the team assessed the damage.

The scale of the damage

The H token went from trading near $0.67 to bottoming out somewhere between $0.05 and $0.13. For context, if you held $10,000 worth of H tokens before the attack, you were looking at somewhere between $746 and $1,940 by the end of the day.

The Humanity Protocol is a decentralized identity verification platform that had previously raised around $50 million in funding and carried a valuation north of $1 billion.

Why this matters beyond Humanity Protocol

When an attacker converts $30.8 million into ETH and nearly $1 million into BNB, those tokens eventually hit the open market. At 18,510 ETH, the attacker holds a position large enough to move markets if dumped carelessly.

The incident also underscores a persistent tension in crypto: the gap between the sophistication of on-chain security and the fragility of off-chain operational practices. Smart contract audits, formal verification, and bug bounties are table stakes at this point, but none of that matters if an employee’s credentials are the weakest link.

For anyone holding H tokens or considering buying the dip, the attacker still controls roughly 111 million tokens. Until those holdings are either frozen, recovered, or fully liquidated, the token faces a persistent overhang that makes any recovery trade extremely risky.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.