A hacker minted 19 million additional THEO tokens on the Base chain and cashed out approximately $1.76 million worth of ETH.
The market impact of a security incident usually depends on three things:
1) How large the loss is relative to the project;
2) Whether the stolen funds will be sold off all at once;
3) The project team's compensation plan.
$ETH Current price: 2512.49, 24h: -1.63%. Short-term sentiment can easily amplify price moves, so don't rush to buy the dip.
The market impact of a security incident usually depends on three things:
1) How large the loss is relative to the project;
2) Whether the stolen funds will be sold off all at once;
3) The project team's compensation plan.
$ETH Current price: 2512.49, 24h: -1.63%. Short-term sentiment can easily amplify price moves, so don't rush to buy the dip.