Gate News message: On June 10, according to Gate market data, as of the time of publication, H (Humanity Protocol) is trading at $0.19. It is up 51.13% over the past 24 hours, with a high of $0.3 and a low of $0.104. The 24-hour trading volume is $31.7808 million. The current market cap is about $345 million, ranking #133.
Humanity Protocol is a blockchain designed to combat Sybil attacks, built specifically for secure, private, and decentralized identity verification. zkProofers play a key role in verifying human identity using zero-knowledge proof technology, and receive the protocol’s native token $H as a reward. This system protects verified human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect personal identities, and participate in the digital economy with trust, privacy, and freedom—without sacrificing security and control.
Humanity uses zero-knowledge proof technology to verify personal information such as age, income, or identity without disclosing any underlying data to third parties. The platform has created more than 8 million Human IDs, and has integrated with 25 global brands across areas such as hotels, travel, and personal finance, providing users with a one-time verification experience that works across applications.
Key recent developments for Humanity:
1️⃣ Severe security incident causes an on-chain price crash and an off-chain/on-chain price inversion
Humanity Protocol experienced an incident in which employees’ devices were compromised by malicious software, resulting in the leakage of critical private keys across multiple public chains. On the Ethereum chain, the attacker took over Hyperlane’s Bridge ProxyAdmin permission to steal about 141.2 million H tokens. On the BSC chain, they minted an additional 200 million H tokens via a malicious upgrade contract. Total stolen funds amounted to $36 million; the attacker cashed out $30.83 million in ETH and $0.924 million in BNB. On-chain liquidity dried up, causing the H price on decentralized exchanges to fall 99.9% to $0.0009, while the perpetual contract price on centralized exchanges remained around $0.09—an inversion of more than 100x between the two price systems.
2️⃣ Official emergency measures and a plan to recover funds
The project team has paused all deposits and withdrawals for the affected cross-chain bridge services and is working with exchanges and law enforcement. The official has set up a $1 million USDT bounty reward to solicit leads for recovery; all recovered funds will be used to buy back H tokens. It has also launched a real-time tracker for the attacker’s addresses, publicly showing the flow of funds to the community, and is currently working on recovery plans for affected users.
3️⃣ Significant sell pressure ahead of token unlocks and concerns about market manipulation
Before the security incident occurred, the H token showed abnormal pump-and-dump behavior. The team pushed the price to around $0.3 through a suspicious market-making protocol. Multiple wallet clusters sold 249 million H tokens in a short period of time, cashing out $31.3 million—these tokens mainly came from unlocks. Industry analysis suggests the team may have attempted to artificially raise the price before the June 25 unlock for investors and early contributors, to facilitate distribution or reduce future sell pressure.
This news is not investment advice; investors should be mindful of market volatility risks.
