June 17, 2026 ChainGPT

Major exchanges back 1:1 swap as Humanity Protocol launches new ERC‑20 H token after $36M hack

Major exchanges back 1:1 swap as Humanity Protocol launches new ERC‑20 H token after $36M hack
Humanity Protocol’s replacement H token is moving into exchange execution as major platforms publish support plans for eligible holders following the June exploit. What’s happening - Humanity Protocol will replace its old H tokens with a newly audited ERC‑20 token on Ethereum and distribute the new H via an airdrop based on pre‑attack balances. The snapshot time was June 8, 2026 at 17:25:35 UTC. - The new token keeps the H ticker and will be distributed on a 1:1 basis to eligible balances. Addresses identified as attacker‑linked during the recovery process will be excluded. - The change follows a June 8 exploit that used compromised administrative keys tied to bridge infrastructure across Ethereum and BNB Smart Chain. Forensics later found a malware‑infected developer machine exposed seven private keys; the attacker drained 141.2 million H from the Ethereum bridge and minted additional H on BNB Smart Chain, with reported losses exceeding $36 million. How exchanges are handling the swap (for users who held H on Binance Alpha, Bybit, Bitget, KuCoin, MEXC, or Gate at the snapshot) - Binance Alpha 2.0: Will support the contract swap from BEP20 to ERC‑20 and provided the most detailed timeline. Trading for H was paused June 17 at 08:30 UTC and scheduled to resume at 12:30 UTC. Binance says the swap is 1:1. - MEXC: Closed H deposits and withdrawals but left trading open. Eligible platform balances will be swapped 1:1 and the H ticker will remain. MEXC said it will not swap tokens deposited after the closure and will exclude addresses/transactions linked to hackers; it also listed the old and new contract addresses. - Bitget: Suspended H deposits and withdrawals; trading continues. Eligible old balances will be converted 1:1 to the new H. - KuCoin: Will conduct the conversion 1:1 for eligible H holders on the platform, regardless of acquisition date. - Gate: Existing H balances on the platform will be automatically included in the conversion. - Bybit: Included among exchanges with announced support; users should follow Bybit’s specific process and timelines. Why this matters - Centralized exchange support reduces the need for many users to claim tokens manually, but rules vary by platform: deposit cutoffs, paused services, and eligibility windows differ and some exchanges will exclude tokens deposited after specific closure times. - Affected users should follow their exchange’s official notices, avoid phishing attempts, and confirm contract addresses before interacting with any token swaps. Bottom line If you held H on any supported exchange at the June 8 snapshot, check your exchange’s announcement for the exact process and timing. The exchange-led 1:1 conversions should simplify recovery for most off‑chain holders, but remain vigilant for platform‑specific requirements and security warnings. Read more AI-generated news on: undefined/news