June 17, 2026 ChainGPT

Exchanges Auto-Swap Humanity Protocol's New H Token 1:1 After $36M June Exploit

Exchanges Auto-Swap Humanity Protocol's New H Token 1:1 After $36M June Exploit
Humanity Protocol’s replacement H token has entered the exchange execution phase, with major platforms announcing how they will handle the airdrop for eligible holders after the June exploit. Quick summary - Who’s affected: users who held H on Binance Alpha (Binance Alpha 2.0), Bybit, Bitget, KuCoin, MEXC, or Gate at the snapshot time. - Snapshot: June 8, 2026 at 17:25:35 UTC — distribution will be based on pre-attack balances. - Swap details: old H tokens are being replaced with a newly audited ERC‑20 H on Ethereum and will be distributed at a 1:1 ratio for eligible balances. Addresses linked to the attacker will be excluded. What the exchanges are doing - Binance Alpha 2.0: Will support the contract swap from BEP20 to ERC‑20. Trading for H was paused on June 17 at 08:30 UTC and scheduled to resume at 12:30 UTC. Binance says the swap is 1:1. - MEXC: Closed H deposits and withdrawals but kept trading open. Eligible on-platform balances will be swapped 1:1 and the ticker remains H. MEXC will not convert tokens deposited after the closure and will exclude addresses/transactions tied to the hacker. The exchange published the old Ethereum and BNB Chain contracts and the new Ethereum contract. - Bitget: Suspended H deposits and withdrawals while continuing trading; old balances will be converted to the new H at 1:1 for eligible users. - KuCoin: Will perform a 1:1 swap for eligible H holders on the platform, regardless of when tokens were acquired. - Gate: Said existing H on its platform will be automatically included in the conversion. - Bybit: Included among exchanges supporting the airdrop; users should follow Bybit’s specific instructions for on-platform balances. Background — why the swap Humanity Protocol announced the new airdrop after a June 8 attack that forced the project to sunset its previous H tokens on Ethereum, BNB Chain and Humanity Mainnet. Forensics determined a malware-infected developer machine exposed seven private keys tied to bridge infrastructure; the attacker drained 141.2 million H from the Ethereum bridge and minted additional H on BNB Smart Chain. The project says more than $36 million in H tokens were stolen. In response, Humanity Protocol will issue a newly audited ERC‑20 H token (keeping the H ticker) and distribute replacements based on pre-attack balances, excluding attacker-linked addresses. Practical takeaways for users - Many centralized exchange users will not need to claim manually — exchanges plan to handle swaps on behalf of eligible customers. - Rules vary: check each exchange’s notice for deposit cutoffs, whether trading or withdrawals are paused, and whether tokens deposited after shutdown will be included. - If you held H outside exchanges (self-custody), follow Humanity Protocol’s official recovery instructions and snapshot/claim procedure. Next steps - Read the specific support pages and notices on your exchange (Binance Wallet/Binance Alpha 2.0, MEXC, Bitget, KuCoin, Gate, Bybit). - Monitor Humanity Protocol’s official channels for further updates and audit reports. - If you suspect your address was compromised, contact the exchange or follow the project’s guidance immediately. This phase of exchange support should make recovery smoother for many holders, but attention to each platform’s rules and deadlines remains essential. Read more AI-generated news on: undefined/news