THEO token experienced a drastic 92% drop within 24 hours following a suspected exploit involving a cross-chain bridge on the Base network. The attacker minted around 19 million THEO tokens, swapped them for approximately $1.76 million in Ether, and transferred the funds from Base to Ethereum. This exploit highlights vulnerabilities in cross-chain bridges and raises concerns about security in decentralized finance. Investors should be cautious as investigations and potential fixes are underway.
THEO token's sharp 92% drop follows a $1.76 million ETH transfer from Base to Ethereum. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 13, 2026 17:32 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include THETA at Rp3.728 with a -6.57% change and 100% buy order activity, AVAX at Rp184.324 with a -6.50% change and 93% sell order activity, and ADA at Rp4.196 with a -6.49% change and 71% buy order activity.
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