Humanity Protocol, the identity-focused blockchain project, suffered a devastating attack this week that drained multiple wallets and sent its native token H crashing 88%. Losses are estimated at over $30 million after the Humanity Foundation's private key was compromised, according to security reports. The token now trades near $0.12, down from levels above $1 just days ago.
How the Attack Happened
Attackers gained control of the Humanity Foundation's private key, which gave them the ability to drain multiple wallets tied to the project. The exploit wasn't a smart-contract bug — it was a key management failure. Users on Telegram reported seeing their balances wiped within minutes. The team has not yet issued a detailed post-mortem, and the exchange that listed H paused trading shortly after the incident. The total loss exceeds $30 million, making it one of the larger infrastructure-level hacks this year.
Sui Opens Confidential Transfers to Public Testing
In better news for privacy advocates, Sui has opened its confidential transfers feature to public testing. The system hides balances and amounts onchain while keeping sender, receiver, and auditor access visible for compliance. It’s a notable step for Sui, which has been pushing into institutional use cases where confidentiality is a requirement but regulators still want visibility. The testnet launch is live now; mainnet timing hasn't been announced.
Bitcoin Stays Flat as Ceasefire Hopes Lift Stocks
Trump's Iran ceasefire post pushed the S&P 500 up about 0.3% and cooled oil prices, but Bitcoin didn't budge. The largest cryptocurrency is still trading near $62,800, down 0.37% on the day. The disconnect between equities and crypto is notable — risk capital flowed into stocks, leaving digital assets without fresh inflows. The total crypto market cap is near $2.14 trillion, off 0.31%, and now faces real technical pressure.
Key Levels Under Pressure
For Bitcoin, the pivot sits at $63,514. A daily close above that could open room toward $68,052, while a close below $58,976 could expose $52,515. The broader market cap must defend $2.11 trillion; if it breaks, the 1.96 trillion Fibonacci level becomes the next target. Bitcoin Cash is having a rougher day — BCH is down nearly 7% to $205, and is about 58% off its early-May peak. Its floor is at $198; a drop below would break the falling channel and open deeper downside. The Smart Money Index for BCH keeps diverging from price with no sign of accumulation, indicating that informed buyers aren't stepping in yet.
