Blockchain Security Analyst ZachXBT Accuses Humanity Team of Shifting to New Project
Blockchain security analyst ZachXBT responded to an official announcement from Humanity, stating, "It's time to issue new H tokens; the team has shifted to other projects."
He also shared a screenshot of Irene Zhao's tweet from two hours ago, where she claimed that her investment in the KOL round of H two years ago had multiplied by 100 times, and that she has invested in the new project Everything incubated by the H team. As the price of H plummets, the weighted funding rate across the network has dropped to an extreme negative value, currently reported at -1.45%.
Attackers have taken over the proxy admin rights for H on the BSC chain, issuing an additional 100 million H tokens (approximately $12.9 million) to a new wallet, further expanding the scope of the attack. This incident has accelerated the outflow of funds from high-risk emerging projects, benefiting quality safe protocols and mature RWA platforms due to risk-averse allocations.
Source: Public Information
ABAB AI Insight
ZachXBT has been tracking security incidents in crypto projects for a long time. This public questioning continues his focus on the transparency of governance in the Humanity Protocol's iris scanning and identity project. Irene Zhao's claim of a 100-fold return as a well-known KOL and her shift to a new project further amplify market skepticism regarding the original team's commitment.
In terms of capital flow, attackers have taken over the rights to issue tokens and liquidate them, forcing holders to face ongoing losses under extreme negative funding rates. Institutions and retail investors are reallocating remaining funds from the high-risk H positions to projects with strong audit records and mature teams, transitioning from speculative hype to safe, compliant assets.
There are multiple historical cases where high-valued projects collapsed due to security vulnerabilities or team shifts, consistent with the current transition of RWA and identity verification sectors from rapid growth to prioritizing security governance.
Essentially, this reflects regulatory changes and capital concentration: the team's shift and the attackers' token issuance accelerate the collapse of project trust. Mechanically, through extreme negative rates and token issuance liquidation, liquidity is concentrated from fragile emerging protocols to a few platforms with transparent governance, security audits, and long-term execution capabilities, further reinforcing the industry's focus on multi-signature, permission control, and exit mechanisms, promoting the evolution of crypto infrastructure towards more mature risk management structures.
ABAB News · Cognitive Laws
A 100-fold return is easy to promote, but a team's shift is hard to conceal; top capital always avoids governance black boxes.
Most chase KOL doubling stories, while few secure audit barriers; structural risks stem from uncontrolled permissions.
Selling conceptual visions gains temporary valuations, while maintaining transparent execution wins long-term trust; winners always view attacks as signals for industry purification.