A palm scanning identity project valued at $1 BILLION just lost $32 MILLION to a single stolen key. The token fell 90% and the most trusted investigator in crypto thinks the whole thing was staged.
Humanity Protocol scans your palm to prove you're a real human, a zero knowledge identity network built to fight bots and fake accounts, positioned as the main rival to Worldcoin.
It raised $50 MILLION, including a $30 MILLION seed round at a BILLION dollar valuation.
This morning someone got hold of a private key belonging to a member of the Humanity Foundation and drained more than 17 wallets, pulling out over $32 MILLION and swapping most of it into roughly 16,000 ETH and 1,700 BNB.
Then they went a step further and minted 100 MILLION brand new H tokens on BNB Chain, worth around $11 MILLION and started dumping those into the market too.
The token collapsed from $0.67 to $0.13, briefly touching $0.05, nearly a -90% wipeout.
The founder confirmed the breach and stressed that the core smart contracts were never touched. This was a stolen key, not broken code.
But that's where it gets interesting. ZachXBT, the most credible investigator in crypto, said he doesn't believe the team's story.
His read is that the "hack" looks like a convenient way for the project's market maker to exit a position and blame it on a thief.
Another analyst pointed out that several of Humanity's executives have questionable histories involving lawsuits and financial disputes.
So there are two versions of this. Either a $1 BILLION project built entirely on proving identity got undone by the oldest failure in the book, one leaked password. Or there was never a hacker at all and the breach was the exit.
Either way, the project that exists to verify who's real just gave the market every reason to doubt it.
#HumanityProtocolPrivateKeyHack$36M