Humanity Protocol shifts to enterprise AI after $36M hack

Humanity Protocol, a blockchain identity project, is shifting its strategic focus to enterprise artificial intelligence following a devastating $36 million security breach in June 2026. Founder Terence Kwok confirmed the pivot, stating the company had been reconsidering its direction for six to nine months, but the hack accelerated those plans.

The breach occurred when attackers gained access to critical private keys stored on a compromised developer's laptop, not through a vulnerability in the project's smart contracts. The exploit allowed the attackers to drain approximately 141 million H tokens from an Ethereum bridge and mint additional tokens on the BNB Smart Chain. The incident caused the H token's value to plummet roughly 89% within hours, with on-chain analysts estimating losses exceeding $32 million at the time.

Kwok acknowledged that the chances of recovering the stolen funds are very low, comparing the situation to other large, unresolved crypto thefts. Instead, the team's efforts are centered on rebuilding the ecosystem. This includes issuing a replacement token, which has already been distributed to addresses including major cryptocurrency exchanges, and...