Autheo’s THEO plunges 92% after suspected bridge exploit on Base
Photo: Crypto Briefing
An unauthorized mint of 19 million tokens was dumped into thin liquidity, and Autheo is telling holders to stop buying, selling and bridging THEO. Autheo’s THEO token lost 92% of its value in 24 hours after 19 million tokens appeared out of nowhere on Base. The unauthorized mint on October 13, 2026, is being treated as a suspected bridge exploit. The attacker reportedly swapped the freshly minted tokens for approximately 700.8 ETH, valued at around $1.76 million at the time. THEO holders got the bill. Someone minted 19 million THEO on Base without authorization, then sold them into the market.
Also reported by The Defiant.
Source: Crypto Briefing
