The Humanity Protocol, dubbed “China’s Worldcoin,” was leveraged for more than $30 million in a private key compromise, causing the price of H tokens to plummet on Tuesday.
“We have detected a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation” he said Terence Kwok, founder and CEO of Humanity Protocol, on Tuesday.
Kwok advised users not to interact with the bridge or any liquidity pools until it is deemed secure, and added that the team was working with security experts, but gave no further details at the time.
Humanity is a decentralized identity project based on the ZkEVM blockchain, focused on Proof of Humanity and using privacy-preserving palm biometrics.
H token prices have plummeted over the last 12 hours, falling 85% from around $0.70 to $0.08 at the time of writing, According to this CoinGecko.
Onchain Researcher “Spectre” he said it appears that wallets associated with or interacting with Humanity Protocol have been compromised in an ongoing attack that has taken as much as $30 million of the project’s native H token.
Arkham Intelligence as well reported that the exploiter stole over $30 million and exchanged H tokens through Kyber Network and PancakeSwap, among others.
Source: Arkham Intelligence
The number of private key compromises continues to grow
There have been several high-profile private key breaches this year, and one of the largest was Drift protocol exploit in April. Attackers linked to the North Korean Lazarus group took control of Security Council administrative keys, resulting in a loss of $280 million.
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Others include Step Finance, Resolv, Volo Vault, Echo Bridge, Bankr, Polymarket, StablR, Stake DAO, Gravity Bridge and Aelphium Bridge.
The second most costly attack vector in May was a wallet or private key hack, which resulted in the theft of $13.7 million. CertiK reported.
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