H Token Crashes 88% After Private Key Breach Drains Wallets

The cryptocurrency H Token experienced a catastrophic crash after its price plummeted by 88% in just 24 hours, falling to an intraday low of $0.072.

The reason behind this massive decline is attributed to a private key breach that drained wallets and forced emergency warnings from the project's founder, Terence Kwok.

Kwok confirmed the incident publicly, stating that it involved compromised private keys belonging to a member of the Humanity Foundation.

On-chain analyst Specter flagged the attack, revealing that more than 17 wallets holding H were drained, with initial losses exceeding $5 million before reports indicated the figure was above $30 million.