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Hacker Issues 19M THEO Tokens and Crashes Price
Hacker Issues 19M THEO Tokens and Crashes Price — 2

Hacker crashes THEO token by 90% after attack on Base

The attacker launched a large-scale attack on the Base network, issuing 19 million THEO tokens. As a result of the manipulation, the asset's price plummeted by more than 90%.

The hacker used the issued tokens to swap for 700.8 ETH. At current estimates, the stolen assets were valued at approximately $1.76 million USD.

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