Humanity Protocol Loses $36M After Private Keys 'Compromised,' Token Crashes 73%

Humanity Protocol experienced a significant security breach on June 18, 2024, resulting in the loss of approximately $36 million worth of its native token, HMT. The protocol stated that attackers gained unauthorized access to its bridges and were able to mint tokens freely after compromising an employee's laptop. This incident led to a sharp decline in the HMT token's value, which crashed by 73% following the news. The breach highlights vulnerabilities within decentralized identity systems and the potential for single points of failure, even in systems designed for decentralization. Humanity Protocol has initiated an investigation into the incident and is working to secure its systems and mitigate further losses. The company has not yet provided a timeline for recovery or compensation for affected users.