Decentralized ID project Humanity Protocol hit by $32M key hack

Humanity Protocol, a palm-scan decentralized identity project founded by Terence Kwok, saw its H token plunge more than 80% on Tuesday after attackers stole the private keys behind the project and drained more than $30 million, according to CoinDesk.

About 17 wallets tied to the project were emptied, with losses topping $32 million and still climbing, per on-chain data assessed by CoinDesk.

As reported by Shaurya Malwa for the outlet: "The thief has been selling the stolen H for ether and minted another 100 million H, worth roughly $11 million, on the BNB Chain, blockchain data shows, pointing to more selling pressure ahead."

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