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Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach


Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach

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Taiko, an Ethereum layer 2, has urged users to immediately withdraw funds from all bridges after confirming a security breach in its chain state verification mechanism. The incident puts bridged assets and DeFi activity on the L2 at risk, raising urgent security and custody concerns for crypto users and ecosystem participants.

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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.

Read the article at CryptoPotato

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