ZachXBT claims that the Humanity private key leak and the abnormal price surge are independent events

On-chain detective ZachXBT released an update on the Humanity $31 million security incident. After further analysis of the flow of funds, ZachXBT believes that the team is likely not involved in "self-theft" or "self-directed performance." The official announcement regarding the private key leak is true, but before the unlocking, the price of H tokens was artificially pumped, resulting in hackers taking advantage of the situation. The private key leak and the previous abnormal price pump should be considered independent events.

ZachXBT also questioned whether the team artificially inflated the price of H tokens through suspicious market-making agreements and large over-the-counter transactions before the token unlocking, in order to smoothly offload or alleviate selling pressure ahead of the upcoming unlocking for investors/early contributors (around June 25).