Autheo's THEO token drops 92% after suspected bridge exploit
Image: Crypto.newsAutheo's THEO token fell about 92% in value within 24 hours after a suspected bridge exploit on Base. Researchers reported an unauthorized mint of 19 million THEO that was swapped for 700.8 ETH, roughly $1.76 million. The incident is linked to the Hyperlane cross‑chain bridge used by Autheo. The project has urged holders to stop buying, selling or bridging THEO while it investigates.
Key points
- THEO token lost roughly 92% of its price in 24 hours after the exploit.
- An attacker minted 19 million THEO on Base and exchanged them for 700.8 ETH (~$1.76 million).
- Autheo warned users not to buy, sell, or bridge THEO while it investigates.
- The incident involved the Hyperlane cross‑chain bridge that moves tokens between Autheo's networks.
Why it matters
The loss of value and halted trading affect THEO holders and may reduce confidence in cross‑chain bridges, prompting users to exercise caution.
What's unclear
The total number of unauthorized tokens minted is disputed, with reports of 19 million and 119 million.
The amount of tokens transferred to other wallets, such as the reported 93.5 million THEO, has not been confirmed by Autheo.
Price context · ETH
At publication
$2,498.35
Now
$2,504.18
Change since
+0.23%
7 days · dashed line = publication
Sources · 4 publishers
Crypto Briefing
Tier 2
Autheo’s THEO plunges 92% after suspected bridge exploit on Base
Crypto.news
Tier 2
Autheo THEO token plunges 92% after suspected bridge exploit
Coinpedia
Tier 3
THEO Bridge Exploit After $1.76M ETH Transfer, Price Drops 92%
Coverage timeline
- First reported by The Defiant
- Confirmed by Crypto Briefing
- CryptoVideos brief published
- 1 more publisher added to sources
How this brief was made. Our system found this event in 4 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
