Taiko, the Ethereum layer 2 blockchain, has urged users to withdraw their funds from all bridges deployed on the network immediately.
This follows a confirmation of a security breach involving the network’s chain state verification mechanism.
We have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security assumptions of all bridges deployed on Taiko can no longer be relied upon.
The team confirmed they are actively working with the Security Council and various ecosystem partners to contain the incident, pause the affected system wherever possible, and take both technical and legal actions.
So far, there’s no information on the amount of funds in jeopardy or if something has been stolen.
According to data from PeckShield, the exploit resulted in a loss of $1.7 million, while the attacker has already transferred 1.99 million TAIKO tokens, worth slightly less than $200K, to MEXC.
#PeckShieldAlert @taikoxyz has been exploited for ~$1.7M.
The exploiter has already transferred 1.99M $TAIKO (~$189.12K) to #MEXChttps://t.co/uJhqTYrqHH pic.twitter.com/Sl9kesSSUM
— PeckShieldAlert (@PeckShieldAlert) June 22, 2026
The post Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach appeared first on CryptoPotato.
 Yet another security incident has been reported today, where popular Ethereum L2 network Taiko was exploited for around $1.7 million. AA News, Crypto News, SecurityÂ
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.