Hacker Mints 19 Million THEO Tokens, Cashing Out $1.76 Million in ETH; THEO Plummets 92% in 24 Hours

Odaily reported that a hacker minted 19 million THEO tokens on the Base chain, then swapped them for 700.8 ETH, worth approximately $1.76 million, and transferred the ETH to the Ethereum mainnet via a cross-chain bridge. Due to this incident, the THEO token has dropped 92% over the past 24 hours.