Autheo's THEO token crashes 92% after suspicious Base bridge exploit
- —THEO price fell from ~$0.08 to ~$0.006 in a single day
- —19 million THEO were minted without authorization on Base
- —Attacker drained about 700.8 ETH (~$1.76 million)
- —Autheo asks users not to trade or bridge the token during the probe
Why it matters: The incident undermines confidence in Autheo's Hyperlane-based bridge and raises questions about the value of its Halborn, CertiK and Avelar Labs audits.
Source: Cryptodnes