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The Financial Ways
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Humanity Protocol Initiates Token Swap Following Major Security Breach

Major crypto exchanges including Binance Alpha, MEXC, and Bybit have begun processing a 1:1 token swap for Humanity Protocol’s H token. This rollout follows a June 8 security exploit that saw $36 million in assets stolen, forcing the project to sunset its original tokens and transition to a new ERC-20 contract.

Humanity Protocol Initiates Token Swap Following Major Security Breach

The migration process is currently underway across several platforms, with each exchange managing the transition according to its own technical requirements. Binance Alpha 2.0, for instance, temporarily halted trading on June 17 to facilitate the contract shift from BEP20 to the new Ethereum-based standard. Other platforms, such as MEXC and Bitget, have opted to keep trading active while suspending deposit and withdrawal functions to ensure the integrity of the conversion.

Centralized exchanges are excluding addresses linked to the June exploit from the recovery process, which originated from compromised administrative keys on the project's bridge infrastructure. Forensic analysis revealed that 141.2 million H tokens were drained after a developer's machine was infected with malware. While the project team is coordinating with these platforms to automate the transition, individual users are advised to verify specific deposit cutoffs and service restoration times on their respective exchanges to ensure eligibility for the 1:1 distribution based on pre-attack balances.

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