Autheo’s THEO plunges 92% after suspected bridge exploit on Base

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. What happened on Base Someone minted 19 million THEO on Base without authorization, then sold them into the market. THEO traded at approximately $0.08 before the incident. Within a day it had fallen to around $0.006. Base-based trading venues such as Hydrex had thin liquidity for THEO, which greatly amplified the sell pressure on the token. The funds were moved off Base rather than held on the network, a pattern that makes recovery harder because assets leave the chain where the incident occurred. Autheo responded by urging users not to buy, sell or bridge THEO while it investigates. The bridge at the center of it THEO lives on more than one chain. The project uses a Hyperlane-based bridge to move tokens between its own mainnet, Base and Robinhood Chain. The official bridged THEO contract on Base is 0xebE516a20238F79DC20b07eaD67...