ZachXBT suggests Humanity hack may have been staged

On-chain analyst ZachXBT has raised the possibility that the recent hack of Humanity (H) was staged. In a post on X, ZachXBT argued that it is unclear whether the incident was a simple hack or an issue related to a market maker (MM). He noted that the project's chart suggests the Humanity team may have collaborated with an active MM within a concentrated supply structure. ZachXBT also pointed out that the sell volume was handled exclusively on decentralized exchanges (DEXs) rather than centralized ones, making the team's explanation difficult to fully believe. Previously, Humanity CEO Terence Kwok had announced that approximately $20 million in damages occurred due to the leak of a private key belonging to a foundation official.