Humanity Protocol is changing course. After losing $36 million in a hack, founder Terence Kwok says the project is pivoting toward enterprise AI — and the odds of recovering the stolen funds are low.
The exploit hit the project hard. It was originally building a biometric-based identity verification system for Web3, but the breach forced a rethink. Now the focus is on enterprise AI services instead of consumer identity.
Kwok didn’t mince words about the recovery outlook. The team has been tracking the stolen assets, but tracing blockchain transactions is one thing. Getting funds back from well-executed exploits is another. Most victims never recover.
The pivot reflects a broader trend in crypto. Projects that started with big Web3 ambitions are increasingly repositioning toward enterprise and AI — where revenue models are clearer and regulatory scrutiny is more manageable. Humanity Protocol joins a growing list of companies that have adjusted their roadmaps after security incidents forced hard decisions.
Whether the pivot works depends on execution. Enterprise AI is crowded, and trust is hard to rebuild after a $36 million hole. But Kwok sounds determined to move forward rather than dwell on what’s gone.
