H Token Wipes Out Record Rally Amid Private Key Breach

H Token's recent record high was short-lived after its price plummeted by an astonishing 88% in just 24 hours due to a private key breach that compromised wallets and forced emergency warnings. The incident occurred when more than 17 wallets holding H were drained, with initial losses exceeding $5 million before reports put the figure above $30 million.

The token hit its lowest level since mid-December 2025, erasing a rally that had taken H to a record high just a week prior. On-chain analyst Specter flagged the attack on-chain and published five theft addresses tied to the drains, while on-chain data showed the attacker selling the stolen H and converting proceeds into Ethereum (ETH).

Founder Terence Kwok confirmed the incident publicly and stated that the breach involved private keys held by a member of the Humanity Foundation. He advised holders not to interact with the bridge or any liquidity pools until further confirmation.