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Industry

Humanity Protocol Unveils H Token Recovery and Airdrop Plan Post $36M Hack

Written By:
Isha Chavda

Reviewed By:
Divya Mistry

Last updated: 56 minutes ago
Published 1 hour ago
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Humanity Protocol Unveils H Token Recovery and Airdrop Plan Post $36M Hack
Show AI Summary
Humanity Protocol’s $36 million exploit sparks industry-wide attention on token security
The project’s token migration strategy sets a precedent for post-exploit recovery efforts
ERC-20 token standard plays a crucial role in Humanity Protocol’s ecosystem restoration plan

Humanity Protocol has unveiled a comprehensive recovery strategy following the $36 million exploit that compromised its H token ecosystem, confirming plans to replace the affected token with a newly audited ERC-20 asset and compensate eligible holders through a 1:1 airdrop.

In an announcement posted on X, the project said it had completed its investigation into the incident and is now moving forward with a full token migration designed to restore user balances and resume network operations.

“We know the wait has been hard, and your patience through this has meant everything to us,” Humanity Protocol said. “Now that our full incident report is live, we’re ready to share the path forward.”

New ERC-20 H token deployed

As part of the recovery effort, Humanity Protocol has deployed a new audited ERC-20 smart contract on Ethereum that will replace the previous H tokens across Ethereum, BNB Chain, and Humanity Mainnet.

The team confirmed that user balances were captured through snapshots taken shortly before the exploit occurred on June 8, 2026. Snapshot blocks included Ethereum block 25,274,179, BNB Chain block 103,071,069, and Humanity Mainnet block 24,247,803.

According to the protocol, addresses linked to the attacker and related entities identified during an investigation conducted by security firm Quantstamp have been excluded from the redistribution process.

Eligible holders to receive 1:1 token airdrop

Humanity Protocol stated that eligible holders will receive the new H token on Ethereum based on balances held across all supported networks at the snapshot time.

Externally owned accounts (EOAs) will receive tokens directly, while assets held within liquidity pools and other smart contracts will be transferred to a dedicated vault pending verification and coordination with relevant stakeholders.

“The former H tokens on Ethereum, BSC, and Humanity Mainnet have been sunsetted, and a new H token is being airdropped to all existing holders,” the project said.

The migration will occur at a 1:1 ratio, ensuring users retain their pre-exploit balances.

Compensation fund created for complex cases

To address situations that cannot be resolved through the automated distribution process, Humanity Protocol has established a dedicated H Compensation Fund. The fund will support users affected by third-party protocol integrations, decentralized liquidity pool exposure, and investors who purchased H tokens after the snapshot date but continue to hold them.

The project noted that because investigators linked the exploit to DPRK-affiliated actors, claimants seeking compensation will be required to complete identity verification procedures before funds can be distributed.

A dedicated claims portal has also been launched to process compensation requests and other recovery-related cases.

Humanity mainnet relaunch scheduled

Humanity Protocol confirmed that Humanity Mainnet will relaunch in the coming weeks with the newly issued H token serving as the network’s native gas token.

The team said it is coordinating with centralized exchanges, bridge providers, liquidity partners, and ecosystem participants to ensure a smooth migration process.

Users holding H on exchanges have been advised to follow announcements from their respective trading platforms regarding token migration and support timelines.

Recovery Effort Follows $36 Million Attack

The recovery plan follows Humanity Protocol’s investigation into the exploit, which resulted in approximately $36 million in losses. According to the report, attackers gained access to sensitive credentials after successfully targeting a project director through a phishing campaign. The compromised keys enabled unauthorized control over the protocol’s BNB Chain deployment and ultimately allowed the attacker to drain funds from the ecosystem.

While the stolen assets have not been recovered, Humanity Protocol said the token migration, compensation framework, and planned network relaunch represent its primary strategy for restoring user balances and rebuilding confidence in the ecosystem.

The team also warned users to remain vigilant throughout the migration process and to rely only on verified Humanity Protocol communication channels for updates and instructions.

Also read: Drift Protocol Attack Claims Another Victim: Pyra to Terminate All Card Services

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Isha Chavda
Isha Chavda is a Junior Writer at The Crypto Times and a B.Com (Hons) graduate with a background in commerce. She reports on crypto news and focuses on creating content that is clear, simple, and engaging for readers. With a strong interest in content creation, she enjoys staying updated with the latest trends and turning them into easy-to-understand stories. Her work combines effective communication to make crypto more accessible and relatable.  
Divya Mistry - Content Editor at The Crypto Times
By Divya Mistry
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Divya Mistry is a Sr. Content Editor with over 9 years of experience in news, PR, marketing, and research. Armed with a Master’s Degree in English Literature from the University of Mumbai, she specializes in crafting and refining long-form content across digital and print platforms. Over the years, Divya has contributed to and shaped content for leading brands across a range of industries, including real estate, healthcare, vertical transport, entertainment, lifestyle, education, EdTech, tech, and finance. Her research work has been featured on platforms like DNA India, Forbes, and Elevator World India. She now brings her editorial and research skills to explore the rapidly evolving world of cryptocurrency.

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