In the latest crypto news, Humanity Protocol unveiled its comprehensive recovery plan following the devastating exploit that drained more than $36 million from the project earlier this month. The team announced a full token migration and a 1:1 airdrop of a newly issued H token to eligible holders. Meanwhile, it will permanently retire the older, compromised token across Ethereum, BNB Chain, and Humanity Mainnet.
Humanity Protocol To Airdrop New H Token
According to the announcement, Humanity Protocol has deployed a brand-new, fully audited ERC-20 token on Ethereum. The replacement asset will keep the ticker H and will be distributed to eligible users at a 1:1 ratio based on balances recorded before the exploit occurred.
The team captured snapshots across all supported networks at 17:25:35 UTC on June 8, 2026, immediately before the attack. The snapshot recorded block heights at block 25,274,179 on Ethereum, 103,071,069 on BNB Chain, and 24,247,803 on Humanity Mainnet.
All attacker-controlled wallets identified during the investigation have been excluded from the distribution. Humanity Protocol stated that users who held H tokens directly in their personal wallets will receive the new tokens directly. Conversely, it will place those held inside liquidity pools and other smart contracts into a vault until their rightful owners can be identified and compensated.
The project also confirmed plans to relaunch the Humanity Mainnet in the coming weeks. The newly issued H token will serve as the network’s native gas asset. Additionally, the team is coordinating with centralized exchanges, bridges, liquidity providers, and ecosystem partners to ensure a smooth migration process. Exchanges have, in turn, issued instructions for H holders on their platforms to claim their airdrops.
Recovery Follows $36 Million Hack Linked to North Korean Actors
The announcement comes as the latest in Humanity Protocol’s efforts to maintain transparency and accountability in the aftermath of the June 8 exploit. It had earlier published the findings of an independent investigation into the exploit conducted by security firm Quantstamp. The investigation concluded that the attack employed tooling and operational methods commonly associated with North Korean (DPRK) threat actors.
According to the findings, the attacker gained access to credentials belonging to a Humanity Foundation director. They then used the compromised keys to execute a coordinated attack across Ethereum and BNB Smart Chain. On Ethereum, the attacker upgraded a contract and moved approximately 141.18 million H tokens. On BNB Chain, the attacker gained control of a ProxyAdmin contract and minted additional H tokens before dumping them on the open market.
Hackers also sold the stolen tokens across Uniswap and PancakeSwap over roughly eight hours. The intense selling pressure severely damaged liquidity across the ecosystem and sent the token’s price plunging 90%. In total, the attacker extracted more than $31 million in ETH and BNB, while the exploit ultimately caused losses exceeding $36 million.
To address edge cases, Humanity Protocol has established a dedicated compensation fund and claims portal. The fund will cover users for whom the automated airdrop process did not cover their losses. This may include certain liquidity providers and legitimate users who purchased H after the snapshot. The project noted that identity verification will be required for compensation claims as it continues to work with authorities on anti-money laundering compliance related to the attack.
Temitope Olajide
