Humanity Protocol’s new H airdrop has moved into the exchange execution phase, with major platforms posting support plans for eligible holders after the June exploit.
Summary
- Humanity Protocol’s new H airdrop is moving through major exchanges after the June exploit now.
- Binance Alpha, MEXC, Bitget, KuCoin, Bybit, and Gate posted support notices for eligible H users.
- Most exchanges are processing eligible H balances at a 1:1 contract swap ratio for users.
The project said users who held H on Binance Alpha, BybitBitget, KuCoin, MEXC, or Gate during the snapshot should follow each exchange’s process. The update comes after Humanity Protocol said it would replace old H tokens with a new ERC-20 token.
Humanity Protocol H airdrop reaches exchanges
Binance Wallet said Binance Alpha 2.0 will support the Humanity Protocol contract swap from BEP20 to the ERC-20 network. Trading was set to pause on June 17 at 08:30 UTC and resume at 12:30 UTC.
Binance said the swap would be “conducted at a ratio of 1:1.” The exchange notice made Binance Alpha the most detailed part of Humanity Protocol’s latest exchange update.
Meanwhile, MEXC said deposits and withdrawals of H had been closed, but trading would not be affected during the contract swap. It said eligible platform balances will be swapped at 1:1 and the ticker will remain H.
MEXC also said it will not swap tokens deposited after the closure and will exclude addresses and transactions linked to hackers. The exchange listed the old Ethereum and BNB Chain contracts and the new Ethereum contract.
Bitget posted a similar update. It said H deposits and withdrawals had been suspended, trading would continue, and old balances would be converted into new H at 1:1 for eligible users.
KuCoin said it will conduct the swap on a 1:1 basis for eligible H holders on its platform, regardless of when tokens were acquired. Gate said existing H tokens on its platform will be automatically included in the conversion.
Recovery follows the June exploit
As previously reported by crypto.news, Humanity Protocol announced a new H airdrop after the June 8 attack forced the project to sunset former H tokens on Ethereum, BNB Chain, and Humanity Mainnet.
The project said the new token will keep the H ticker and use a newly audited ERC-20 contract on Ethereum. The snapshot time for the new airdrop was June 8 at 17:25:35 UTC.
Humanity Protocol said the new H token would be distributed at a 1:1 ratio based on pre-attack balances. It also said attacker-linked addresses identified in the recovery process would be excluded.
The team said, “We know the wait has been hard,” while outlining the recovery plan. The exchange updates now show how off-chain holders will be handled through centralized platforms.
Humanity holders await completion notices
As crypto.news reported earlier, the attack stemmed from compromised administrative keys tied to bridge infrastructure across Ethereum and BNB Smart Chain. The project said more than $36 million in H tokens was stolen.
Later forensic updates said a malware-infected developer machine exposed seven private keys. The attacker drained 141.2 million H from the Ethereum bridge and minted more H on BNB Smart Chain.
The exchange support plans reduce the need for many platform users to claim manually. Still, each exchange has its own rules on deposit cutoffs, paused services, old-token deposits, and later reopening dates.
