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Oct 13, 2026

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

Autheo's THEO token lost 92% of its value after an attacker exploited the project's Hyperlane bridge on Base, minting 19 million unauthorized tokens worth approximately $1.7 million and selling them. The company urged users not to buy, sell, or bridge THEO tokens following the October 13, 2026 incident.

Oct 13, 2026·4 sources
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Top claims

  • ▪The price of Autheo's THEO token collapsed over 90% from approximately $0.08 to $0.006 within 24 hours following the October 12, 2026 exploit.
  • ▪Thin trading liquidity for Autheo's THEO token on Base-based decentralized exchange Hydrex significantly amplified market sell pressure during the unbacked token dump.
  • ▪Prior to the October 2026 exploit, Autheo's cross-chain bridge infrastructure had undergone security audits conducted by Halborn, CertiK, and Avelar Labs.

Topics

DeFiCrypto securityBlockchain interoperabilityLayer 2s