Can H token bounce back after Humanity Protocol’s $32 million exploit?

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H, the native token of Humanity Protocol, is the worst performer among the top 100 cryptocurrencies by market cap. The coin is down by roughly 80% in the last 24 hours and is now trading at $0.1549. The bearish performance comes after reports emerged that wallets connected to Humanity Protocol have been targeted in an ongoing exploit. The issue was first flagged on Monday after 17 wallets holding the project’s native H token were reportedly compromised. Initial estimates placed losses at around $5 million, but later updates suggested the damage had escalated significantly. Humanity Protocol loses roughly $32 million in the exploit The primary catalyst behind H’s decline is the exploit of the Humanity Protocol wallet.

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Telemac
Telemachttp://cryptoinfo.ch
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