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.
“The attack was made possible entirely by key compromise resulting from inadequate key storage practices: production-grade signing keys were backed up to a general-purpose development machine rather than isolated hardware. This is a human and operational security failure.”
Humanity says the loss now amounts to around $36 million.
“Last night, June 8, the H token was hit by a coordinated attack across Ethereum and BSC. While we’re still investigating this incident, we want to be transparent with our community about what happened. As of right now, ~$36M+ has been stolen across both chains and dumped.”
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 (Humanity Protocol) lost ~85% in a single 6-hour candle on Jun 8. A reported private-key compromise was the trigger — but a stack of leverage is what made the drop this violent.
~$22.8M in $H flooded onto exchanges in the same window — the largest single 6h inflow of the entire run.”
H token is now changing hands for $0.18.
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The post Humanity Protocol Crashes 85% in Just Hours After Hackers Drain $32,000,000 in Private Keys Breach appeared first on The Daily Hodl.
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. “The attack was made possible entirely by key compromise resulting from
The post Humanity Protocol Crashes 85% in Just Hours After Hackers Drain $32,000,000 in Private Keys Breach appeared first on The Daily Hodl. Scams, Hacks & Breaches, Crypto, Hack, Humanity Protocol, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
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