PeckShieldAlert reports a hacker minted 19M THEO on Base, swapped the tokens for 700.8 ETH worth roughly 1.76 million dollars, bridged the ETH to Ethereum, and triggered a 92 percent drop in THEO within 24 hours.

Bitget hot wallet incident hits $351.6 million in transfers on September 24 2026 while cold wallets stay secure and $464 million User Protection Fund covers losses.