THEO Bridge Exploit After $1.76M ETH Transfer, Price Drops 92%

The post THEO Bridge Exploit After $1.76M ETH Transfer, Price Drops 92% appeared first on Coinpedia Fintech News

Autheo Network’s native (THEO) token has crashed around 92% in 24 hours following a suspected cross-chain mint exploit on Base. Blockchain security platform PeckShield reported that 19 million THEO tokens were minted and swapped for ETH. The attacker then bridged to ETH from Base to Ethereum to make the funds harder to track. How the …