Humanity Protocol Crashes 85% in Just Hours After Hackers Drain $32,000,000 in Private Keys Breach
The price of Humanity Protocol’s crypto asset crashed following a major security incident that targeted the decentralized identity project.
According to Humanity, hackers drained wallets holding the project’s H tokens after an employee’s laptop storing private keys for interchain transfers was compromised with malware.
Humanity says the loss now amounts to around $36 million.
Crypto intelligence platform Santiment says H token went down from $0.72 to $0.10 within hours after the incident. The price drop wiped out the gains earned over the past three weeks when the asset rallied from $0.20.
H token is now changing hands for $0.18.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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