June 17, 2026 ChainGPT

Humanity Protocol to Airdrop New H Token 1:1 After $36M DPRK-Linked Exploit; Old H Sunsetted

Humanity Protocol to Airdrop New H Token 1:1 After $36M DPRK-Linked Exploit; Old H Sunsetted
Humanity Protocol has rolled out a detailed recovery plan and new token airdrop after a June 8 exploit that cost the project roughly $36 million and forced it to pause its old H token. What’s changing - The project says the old H tokens on Ethereum, BSC and Humanity Mainnet are formally sunsetted. A brand‑new H token — still trading under the ticker H — will be airdropped to eligible holders and deployed as an audited ERC‑20 on Ethereum to support migration. - New Ethereum contract: 0xE76c5b78f93909d34404E9eb4C1f19e7582a5dE1. Who gets what - Humanity took snapshots of balances just before the attack: June 8, 2026 at 17:25:35 UTC. - Snapshot blocks: Ethereum 25,274,179; BSC 103,071,069; Humanity Mainnet 24,247,803. - Distribution will be 1:1 based on those snapshots. - Eligible externally owned accounts (EOAs) will receive the new H tokens automatically. - Non‑EOA balances (liquidity pools, smart contracts, etc.) will be moved into a vault. The team will coordinate directly with the affected projects to determine where those funds should be sent. Compensation fund and KYC - Humanity created an H Compensation Fund for cases the automated airdrop can’t cover — for example, third‑party protocol integrations, decentralized liquidity provider balance differences, and other edge cases. - The fund will also cover users who bought H after the snapshot and still hold it, but these claimants must complete identity verification before receiving compensation. Humanity says it’s coordinating with authorities on AML compliance because the exploit has been linked to DPRK‑affiliated actors. Security findings and attack details - Independent security firm Quantstamp tied the breach to tactics associated with North Korea‑linked hackers. Its investigation found attackers accessed seven private keys on a developer machine infected with malware. - The attacker drained about 141 million H tokens from the Ethereum bridge and minted additional tokens on BSC. Humanity says the breach resulted from stolen credentials — not a flaw in the token contracts, bridge contracts, or the Safe setup. Warnings and partner coordination - Humanity cautioned users to ignore fake claim links and said official communications will come only from verified channels. Users trading on exchanges should rely on updates from those exchanges. - The team is working with centralized exchanges, bridges, liquidity providers and partners to coordinate the migration and claims process. Market and next steps - As of June 16, Humanity’s H traded near $0.203 — down roughly 51% over 24 hours but up about 30% over seven days (crypto.news market data). - The recovery plan now moves to execution: Humanity Protocol plans to relaunch Humanity Mainnet in the coming weeks, with the new H token acting as the native gas token. Holders will be watching closely for the airdrop distribution, claims process, exchange listings updates and the mainnet relaunch timeline. Read more AI-generated news on: undefined/news