Taiko Urges Users to Withdraw Funds After $1.7M Exploit
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Taiko warned users to withdraw funds and asked CEXs to pause TAIKO deposits after its chain-state verification was compromised, halting block production and declaring all bridges unsafe. Attackers exploited fake bridge messages to drain about $1.7 million, underscoring a major bridge security failure and immediate DeFi and cross-chain risk to the crypto network.
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- Taiko urged users to withdraw funds after a bridge verification breach.
- Attackers drained about $1.7 million after exploiting fake bridge messages.
- Taiko halted block production and requested that exchanges pause deposits.
Taiko has warned users to pull funds from all bridges after a breach hit its chain-state verification system, breaking the trust model used by bridges across the network. The project also asked centralized exchanges to halt TAIKO deposits until further notice.
Blockaid first flagged the attack with early estimates putting losses above $1 million. Later on-chain analysis showed roughly $1.7 million in assets left the protocol.
Taiko Halts Block Production
Taiko confirmed that its chain-state verification mechanism had been compromised. The team said all bridges deployed on the network should be treated as unsafe until the issue is fixed.
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