Humanity Protocol’s H token rebounded by more than 300% after hitting a post‑exploit trough, reigniting speculation that the crypto asset could retake the $0.80 price tier it held before last week’s security incident.
Security Breach Details
Between June 8 and June 9, H slid from roughly $0.70 to under $0.10 after a hacker exploited the protocol’s cross‑chain infrastructure, marking one of the steepest price drops in its history. Quantstamp’s forensic audit later clarified that the breach stemmed from a phishing email that compromised a developer’s private keys, not from a flaw in the zkEVM contracts or the palm‑scan biometric system. The investigation reassured investors that the core blockchain technology remained intact.
The attacker siphoned approximately 141.2 million H tokens from the Ethereum bridge and subsequently minted an additional 300 million tokens on BNB Smart Chain, flooding the market with about 447 million new coins. This sudden supply surge depressed prices across multiple crypto exchanges, prompting a rapid sell‑off by traders. The incident highlighted the vulnerability of private‑key management in decentralized projects.