Hackers Target Decentralized Authentication Project! Altcoin Prices Crash! Here Are the Details

The decentralized authentication project Humanity Protocol faced a serious crisis following a large-scale security breach. The project’s native token, H, lost more than 80% of its value in a single day after attackers obtained the private keys associated with the project.

According to on-chain data, the attackers emptied approximately 17 different wallets associated with the project, stealing over $32 million worth of digital assets. Losses are reportedly continuing to rise, with the attacker regularly converting the stolen H tokens into Ether, thereby increasing selling pressure.

Blockchain data also shows that the attacker minted an additional 100 million H tokens on the BNB Chain. The release of these new tokens, worth approximately $11 million, has raised concerns that selling pressure may continue in the coming days.

The H token, which was trading at around $0.67 before the attack, quickly dropped to $0.13. During the day, it fell as low as $0.05, experiencing a value loss of nearly 90% in some hours.

Project founder Terence Kwok confirmed the security breach, explaining that attackers had obtained private keys belonging to a member of the Humanity Foundation. In the cryptocurrency ecosystem, private keys are considered one of the most critical security elements, providing control over digital wallets.

The Humanity Protocol team warned users to temporarily avoid using bridge services and liquidity pools. The company also announced that it is working with security firms and cryptocurrency exchanges to limit the impact of the attack.

Humanity Protocol is known as a project that aims to enable users to authenticate themselves without sharing their personal data, using palm biometric scanning and zero-knowledge proof technologies. In this respect, the project is seen as one of Worldcoin’s significant competitors.

Experts point out that a significant portion of major cryptocurrency attacks in 2026 will stem not from smart contract errors, but from compromised private keys. The Humanity Protocol case stands out as one of the latest examples of this trend, and investors are closely monitoring how long it will take for the stolen assets to be sold off the market.

This is not investment advice.

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