South Korean exchanges Bithumb and Coinone have taken divergent paths following a security incident involving Humanity (H) tokens. The June 9, 2026, breach of a wallet managed by the project’s issuer caused user losses, triggering a series of exchange responses.
Coinone to Delist Humanity on August 10
Coinone announced it will delist Humanity (H) on August 10, 2026, at 6:00 a.m. UTC. The exchange placed the token on a watchlist after the incident and conducted a thorough review of the project team’s materials, concluding that the underlying issues had not been resolved. Coinone’s decision reflects a lack of confidence in the project’s security posture and may serve as a warning to other exchanges.
Bithumb Guides Users on Compensation Claims
In contrast, Bithumb is assisting affected users through the Humanity foundation’s claim portal. The process allows both automatic airdrops for eligible holders and direct manual claims with supporting transaction histories. For tech‑challenged users, Bithumb is arranging a proxy application service, accepting preliminary consent until 8:00 a.m. UTC on August 10 – the same day Coinone’s delisting takes effect.
The dual announcements highlight the fallout from the hack: while Bithumb focuses on asset recovery, Coinone is severing ties. Token holders are advised to act swiftly, especially those on Coinone, to withdraw funds before the delisting deadline. The episode underscores the critical importance of evaluating a project’s security and incident response when investing in cryptocurrencies.
