H Token Exploited Via Private Key Leak, Attacker Cashes Out $34M as BSC Liquidity Drained

According to EmberCN, on June 9, attackers exploiting a private key leak minted approximately 300 million H tokens and dumped around 450 million H, cashing out roughly $34 million in ETH and BNB over approximately 13 hours. BSC liquidity pools for H were nearly depleted, with only about $13 remaining.

The on-chain price plummeted 99.9% to as low as $0.0009, while perpetual contract markets on centralized exchanges maintained prices around $0.09, creating a 100-fold discrepancy.