June 16, 2026 ChainGPT

Humanity Protocol retires old H tokens, launches one-to-one airdrop after DPRK-linked hack

Humanity Protocol retires old H tokens, launches one-to-one airdrop after DPRK-linked hack
Humanity Protocol has unveiled a recovery plan and a new airdrop for H token holders after a June 8 attack forced the project to pause and retire its old tokens. What’s happening - The team has sunsetted the former H tokens on Ethereum, BSC and Humanity Mainnet and deployed a new, audited ERC‑20 contract on Ethereum to replace them. The token will continue to trade under the ticker H. - A one‑to‑one airdrop will distribute the new H tokens to holders based on snapshots taken just before the exploit: June 8, 2026 at 17:25:35 UTC. Snapshot block heights were 25,274,179 (Ethereum), 103,071,069 (BSC) and 24,247,803 (Humanity Mainnet). - New Ethereum contract address: 0xE76c5b78f93909d34404E9eb4C1f19e7582a5dE1. Who gets what and how - Eligible externally owned accounts (EOAs) will receive new H tokens automatically. - Non‑EOA balances — such as H held in liquidity pools or smart contracts — will be moved into a vault. Humanity Protocol says it will coordinate directly with affected protocols and counterparties to determine final destinations for those funds. - The project also created an H Compensation Fund to handle edge cases that the automated airdrop doesn’t cover, including third‑party integrations, decentralized liquidity provider discrepancies, and legitimate users who bought H after the snapshot. Post‑snapshot buyers who seek compensation must pass identity verification before payouts. Security and compliance - Humanity Protocol warned users to avoid fraudulent claim links and said official updates will come only from verified channels; exchange users should follow announcements from their trading platforms. - The team flagged the exploit as linked to DPRK‑affiliated actors and said it is cooperating with relevant authorities on anti‑money‑laundering (AML) compliance. What investigators found - Security firm Quantstamp linked the attack to tactics associated with North Korea‑linked hackers. The probe found attackers accessed seven private keys on a developer machine infected with malware. - Humanity Protocol said the breach resulted from stolen credentials, not a flaw in its token contracts, bridge contracts or Safe setup. The attacker drained about 141 million H tokens from the Ethereum bridge and minted additional tokens on BSC. Market and next steps - As of June 16, Humanity (H) traded near $0.203, down about 51% over 24 hours but up roughly 30% over seven days, per crypto.news market data. - The recovery plan’s focus now turns to execution: relaunching Humanity Mainnet in the coming weeks with the new H as the native gas token, and coordinating migration with centralized exchanges, bridges, liquidity providers and partners. Holders should monitor verified project channels for the airdrop, claims process, exchange updates and the mainnet relaunch timeline. Read more AI-generated news on: undefined/news