Humanity Protocol to prioritize operational security following $36M hack
Humanity Protocol’s founder said they will refocus on operational security, as malicious actors are switching from smart contract vulnerabilities to exploiting human behavior.
Humanity Protocol will refocus its cybersecurity efforts on operational security following a June $36 million exploit that was traced back to a compromised employee laptop, according to the founder of the decentralized identity company, Terence Kwok.
In an interview with Cointelegraph, Kwok said that the exploit stemmed from last year’s mainnet launch, when several production keys were inadvertently backed up onto the laptop that was compromised, including admin hot wallet keys and a quorum of multisig owner keys across both chains. He said:
The exploit and Humanity Protocol’s action highlight an increase in cryptocurrency hackers refocusing their attacks on staff-level vulnerabilities and operational shortcomings, rather than exploiting smart contract code.