The cryptocurrency market has suffered another significant blow after it was revealed that over $19 million worth of digital assets were stolen from wallets associated with the Humanity Protocol.
According to reports, attackers gained unauthorized access to leaked private keys belonging to foundation members and used them to mint an additional 100 million H tokens. The hackers then aggressively dumped the newly minted tokens, causing a significant crash in the price of H, which plummeted by over 92% to $0.052.
The incident has left many in the crypto community shaken, with some analysts warning that the market is still vulnerable to cyber attacks despite recent improvements in security measures.