CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

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

Coinpedia - Blockchain logo

Published on

Add as a preferred source on Google
THEO Bridge Exploit After $1.76M ETH Transfer, Price Drops 92%

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 …



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.