On the Base chain,THEO was minted and exchanged by a hacker 700.8 tokens ETH, with the funds bridged to Ethereum
BIBIBI
AT A GLANCE
According to PeckShield monitoring, the hacker minted on Base 19000000 tokens THEO and exchanged and bridged 700.8 tokens ETH。
Article
The hacker minted on the Base chain 19000000 tokens THEO tokens, cashing out approximately 1760000 USD ETH
PANews October 13 According to the report, based on PeckShield monitoring, the hacker minted on the Base chain 19000000 tokens THEO tokens, then exchanged them for 700.8 tokens ETH(approximately 1760000 USD), and transferred ETH to the Ethereum mainnet through a cross-chain bridge. As a result of the incident, the THEO token fell by 24 over the past 92%。
PANews stated that the information came from PeckShield monitoring.
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The hacker minted 19000000 tokens THEO on the Base chain.
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The hacker then exchanged these tokens for 700.8 tokens ETH, reportedly worth approximately 1760000 USD。
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The hacker transferred ETH to the Ethereum mainnet through a cross-chain bridge.
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The report stated that the THEO token fell by 24 over the past 92%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report described an incident involving abnormal token minting and fund transfers: the hacker first created a large amount of THEO and then exchanged it for ETH before transferring ETH across chains to the Ethereum mainnet.
Why it matters to readers
Abnormal minting may increase the supply of THEO and be accompanied by concentrated exchanges; the report also stated that THEO fell over the past 24 hours by 92%, indicating that the incident involves clear token and fund security risks.
Beginners should note that tokens can experience sharp volatility due to contract- or permission-related security incidents; a cross-chain transfer means that funds have moved from one chain to another, but does not mean that the funds have necessarily been recovered or sold.
Risks and unknowns
The original text did not provide the relevant on-chain transaction hash.
The original text did not specify the attack path or vulnerability cause behind the abnormal minting.
The original text did not provide THEO confirmation or handling details from the project team.
The further destination of these ETH after the cross-chain transfer cannot be confirmed from the original text alone.
This report is based on PANews citing PeckShield monitoring and still requires verification through independent evidence.
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Related concepts
Minting
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