Hackers mint 19M THEO on the Base Network and exchange for $1.76M in ETH

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Hackers minted 19 million THEO tokens on the Base network during a recent upgrade and exchanged them for 700.8 ETH, worth approximately $1.76 million, before transferring them to Ethereum. According to BlockBeats, THEO dropped 92% in the past 24 hours. The incident underscores ongoing security concerns across Layer 2 platforms.
ME AI message, according to PeckShield monitoring, 19 million THEO tokens have been minted on the Base network; the hacker has exchanged them for 700.8 ETH, approximately $1.76 million, and bridged them to Ethereum. THEO has dropped 92% over the past 24 hours.

(Source: BlockBeats)
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