Security· ★★★· bearish·

Hacker mints 19M THEO on Base, cashes out $1.76M in ETH

  • —Hacker minted 19 million THEO tokens on Base
  • —Tokens swapped for 700.8 ETH worth about $1.76 million
  • —Funds bridged from Base to Ethereum mainnet
  • —THEO price fell 92% in 24 hours
Why it matters: The exploit highlights token-minting vulnerabilities on Base and the risk to THEO holders, who lost nearly the entire value of the asset.
#THEO#ETH
Source: PANews
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