Humanity Protocol pivots to enterprise AI business after $36 million hack

CoinFeed July 2 news, according to The Block report, Humanity Protocol founder Terence Kwok said that after the earlier approximately $36 million hack resulted in treasury theft and a sharp drop in H token, the project is shifting from an 'identity + blockchain' positioning to enterprise-grade AI products. The attack occurred due to a developer's laptop being compromised rather than a smart contract vulnerability. The attacker obtained the Humanity Foundation member's private key through a phishing email, cross-chain minted and dumped tokens, causing H token to drop about 89% at one point. Kwok admitted the probability of recovering funds is 'very low'. The team will rebuild the ecosystem through token migration and compensation claim processes, and has reported to law enforcement in Hong Kong and multiple regions, while advancing identity and asset attestation products for AI enterprises.