Humanity Protocol was hacked: actual losses exceed $32 million, tokens plummeted 89%

Latest on-chain monitoring shows the total stolen amount related to the address has exceeded $32 million, of which $23.7 million has been exchanged by the hacker for $ETH
Approximately $7.9 million remains in the wallet in the form of ethereum:0xcf5104d094e3864cfcbda43b82e1cefd26a016eb tokens. Over 17 wallets holding positions have been emptied, and the attack is ongoing, ethereum:0xcf5104d094e3864cfcbda43b82e1cefd26a016eb has dropped 89% in response
The reason for the attack is currently unclear, but there are a few points I want to mention
First, the action of exchanging $23.7 million for ETH is very telling. The hacker is not stupid; ethereum:0xcf5104d094e3864cfcbda43b82e1cefd26a016eb has poor liquidity, dumping would wipe out the remaining value. Converting to ETH first is to preserve the gains. This kind of operation indicates it’s not a reckless dump but a premeditated systematic attack
Second, more than 17 wallets being hacked suggests the vulnerability is not on a single user, likely at the contract or protocol level. If it were just a user’s private key leak, there wouldn’t be such a neat batch cleaning pattern. For an attack of this scale, it’s either a contract vulnerability or an internal issue—both possibilities are unpleasant
Third, an 89% drop in tokens shows how fragile the original liquidity support of this project was. A healthy project facing a hacker attack would see a market dip but not crash to zero. An 89% decline means the market had already voted with its feet at the moment of attack; trust was probably already on the brink before the theft
This incident is not just about Humanity Protocol itself. In recent months, large-scale thefts have been happening frequently, with increasingly similar patterns: discovering protocol vulnerabilities, batch cleaning, quickly swapping to mainstream coins and fleeing. On-chain transparency has helped us track these, but even if tracked, it’s impossible to recover
Technical audits are not optional; they are the minimum threshold before launch. Protocols that go live without rigorous audits are essentially using users’ funds for public testing
Hackers won’t wait for you to be ready
DYOR is not investment advice
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