Huma co-founder: Early liquidity provider wallet was hacked, approximately 12 million HUMA were sold off

Huma co-founder Richard Liu posted on the X platform in response to the recent price fluctuations of HUMA, stating that the team was surprised by the extent of the decline and has initiated an investigation.

The investigation found that on October 22, a wallet belonging to an early liquidity provider (LP) was hacked, and approximately 12 million HUMA obtained through an airdrop were subsequently sold off. Meanwhile, from November 2 to 7, the open interest of HUMA's total market contracts increased from about 620 million to 1.1 billion, with perpetual contract trading volume reaching 7 to 10 times that of spot trading, and the funding rate has remained negative since November 4.