Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach
๐จ Taiko has issued an urgent warning for users to withdraw funds from all bridges on its Ethereum layer 2 network due to a confirmed security breach.
๐ The breach involves the compromise of Taiko's chain state verification mechanism, rendering the security of all deployed bridges unreliable.
๐ฐ An exploit has reportedly led to a loss of approximately $1.7 million, with the attacker transferring nearly 1.99 million TAIKO tokens, valued at around $200K, to the exchange MEXC.
๐จ Taiko has issued an urgent warning for users to withdraw funds from all bridges on its Ethereum layer 2 network due to a confirmed security breach.
๐ The breach involves the compromise of Taiko's chain state verification mechanism, rendering the security of all deployed bridges unreliable.
๐ฐ An exploit has reportedly led to a loss of approximately $1.7 million, with the attacker transferring nearly 1.99 million TAIKO tokens, valued at around $200K, to the exchange MEXC.