Taiko, the Ethereum layer 2 blockchain, has urged customers to withdraw their funds from all bridges deployed on the community instantly.
This follows a affirmation of a safety breach involving the community’s chain state verification mechanism.
We have now confirmed a compromise of Taiko’s chain state verification mechanism. Consequently, the safety assumptions of all bridges deployed on Taiko can not be relied upon.
The crew confirmed they’re actively working with the Safety Council and numerous ecosystem companions to comprise the incident, pause the affected system wherever attainable, and take each technical and authorized actions.
To date, there’s no info on the quantity of funds in jeopardy or if one thing has been stolen.
In keeping with information from PeckShield, the exploit resulted in a lack of $1.7 million, whereas the attacker has already transferred 1.99 million TAIKO tokens, price barely lower 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
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