Taiko warns users to exit bridges after $1m vault exploit

cryptonews06-22 13:39

Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. Summary Taiko urged users to withdraw ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2645045077?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-22 13:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2645045077","market":"sg","top_or_hot":-1,"title":"Taiko warns users to exit bridges after $1m vault exploit","media":"cryptonews","content":"<div>\n<p>Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. \n\n\nSummary\n\n\n\nTaiko urged users to withdraw ...</p>\n\n<a href=\"https://crypto.news/taiko-warns-users-to-exit-bridges-after-1m-vault-exploit/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Taiko warns users to exit bridges after $1m vault exploit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTaiko warns users to exit bridges after $1m vault exploit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-22 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/taiko-warns-users-to-exit-bridges-after-1m-vault-exploit/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. \n\n\nSummary\n\n\n\nTaiko urged users to withdraw ...</p>\n\n<a href=\"https://crypto.news/taiko-warns-users-to-exit-bridges-after-1m-vault-exploit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTF","symbol_name":"比特币&以太币期货ETF-CoinShares","start_time":0,"source_url":"https://crypto.news/taiko-warns-users-to-exit-bridges-after-1m-vault-exploit/","article_id":"2645045077","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/taiko-warns-users-to-exit-bridges-after-1m-vault-exploit/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2645045077","pubTimestamp":1782106799,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism.Taiko urged users to withdraw bridge funds after confirming a chain verification mechanism compromise.Blockaid said flawed source-signal proof checks enabled unauthorized releases from Taiko’s ERC20 Vault on Ethereum.Taiko also stopped proposers from producing blocks and asked exchanges to suspend TAIKO deposits immediately.The Ethereum Layer 2 project said the security assumptions behind its bridge system could no longer be relied upon.The notice followed alerts from blockchain security firm Blockaid, which said its exploit detection system found an ongoing attack on Taiko’s ERC20 Vault on Ethereum. Blockaid put losses at more than $1 million and shared the victim contract, attacker wallet and exploit transactions.Security NoticeWe have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security ass","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTF":"比特币&以太币期货ETF-CoinShares","SETH":"1倍做空以太币期货ETF-Proshares","ETHD":"ProShares UltraShort Ether ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","ETHE":"最大以太坊ETF-Grayscale","BPI":"Grayscale Bitcoin Premium Income ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","AETH":"以太坊策略ETF-Bitwise","ETHI":"Defiance Leveraged Long Income Ethereum ETF","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","09009":"博时以太币-U","YETH":"Roundhill Ether Covered Call Strategy ETF","BKCH":"AdvisorShares Sabretooth ETF","CETH":"以太坊ETF-21Shares","GBTC":"比特币ETF-Grayscale","BITW":"Bitwise 10 Crypto Index ETF","ETCO":"Grayscale Ethereum Covered Call ETF","ETHT":"ProShares Ultra Ether ETF","03179":"嘉实以太币","ETU":"T-Rex 2X Long Ether Daily Target ETF","BTRN":"比特币期货ETF-Global X","ETHU":"2倍以太币期货ETF-Volatility Shares","BETE":"等权重比特币&以太币期货ETF-ProShares","EZET":"以太坊ETF-Franklin","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","GDLC":"Grayscale CoinDesk Crypto 5 ETF","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","BETH":"比特币&以太币期货ETF-ProShares","ETHV":"以太坊ETF-VanEck","STCE":"Schwab Crypto Thematic ETF","03046":"华夏以太币","09179":"嘉实以太币-U","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","ETHW":"以太坊ETF-Bitwise","QETH":"以太坊ETF-Invesco Galaxy","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","03009":"博时以太币","ETH":"低成本以太坊ETF-Grayscale","EETH":"以太币期货ETF-ProShares","BITI":"1倍做空比特币期货ETF-Proshares","09046":"华夏以太币-U","ETHA":"以太坊ETF-iShares","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","FETH":"以太币ETF-Fidelity","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January"},"translate_title":"Taiko警告用户在价值100万美元的金库被利用后退出桥梁","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETCO":0.6,"CBXJ":0.6,"QETH":0.9,"ETHU":0.9,"ETHD":0.9,"ETHA":0.9,"BTRN":0.6,"03179":0.9,"CBXO":0.6,"BKCH":0.9,"CBXY":0.6,"STCE":0.9,"EETH":0.9,"BTF":0.9,"BEGS":0.9,"ETHW":0.9,"SETH":0.6,"FETH":0.9,"BITI":0.6,"03009":0.9,"GDLC":0.9,"ETHI":0.6,"03046":0.9,"ETHT":0.9,"BETE":0.9,"EZET":0.9,"ETQ":0.6,"ETH":0.9,"METHmain":0.9,"CBOO":0.6,"BPI":0.6,"CBOJ":0.6,"CRPT":0.9,"GBTC":0.6,"LFGY":0.9,"09046":0.9,"CETH":0.9,"BETH":0.9,"09009":0.9,"ARKY":0.9,"ETU":0.9,"ETHV":0.9,"09179":0.9,"AETH":0.9,"BITW":0.9,"YETH":0.9,"ETHE":0.9,"BITQ":0.9},"content_text":"Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. \n\n\nSummary\n\n\n\nTaiko urged users to withdraw bridge funds after confirming a chain verification mechanism compromise.\nBlockaid said flawed source-signal proof checks enabled unauthorized releases from Taiko’s ERC20 Vault on Ethereum.\nTaiko also stopped proposers from producing blocks and asked exchanges to suspend TAIKO deposits immediately.\n\n\n\nThe Ethereum Layer 2 project said the security assumptions behind its bridge system could no longer be relied upon.\nThe notice followed alerts from blockchain security firm Blockaid, which said its exploit detection system found an ongoing attack on Taiko’s ERC20 Vault on Ethereum. Blockaid put losses at more than $1 million and shared the victim contract, attacker wallet and exploit transactions.\n\n⚠️ Security NoticeWe 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.We are actively coordinating with the Security Council and ecosystem partners to…— Taiko.eth 🥁 (@taikoxyz) June 22, 2026\n\nBlockaid points to proof validation flaw\nBlockaid said the likely root cause was a flaw in Taiko bridge source-signal proof validation. The firm said crafted message proofs were accepted as valid on Ethereum L1 even though there were no matching legitimate “MessageSent” events on the Taiko source chain.\n\nThe root cause appears to be a flaw in Taiko bridge source-signal proof validation. Crafted message proofs were accepted as valid on Ethereum L1 without corresponding legitimate MessageSent events on the Taiko source chain.This allowed the attacker to register and later…— Blockaid (@blockaid_) June 21, 2026\n\nThat allowed the attacker to register and later retrieve fraudulent bridge messages, leading to unauthorized asset releases from the ERC20 vault. Taiko later confirmed a broader verification problem and said it was working with the Security Council and ecosystem partners.\nMoreover, Taiko also said all proposers had temporarily stopped producing new blocks while the team investigates and resolves the issue. The project asked centralized exchanges to suspend TAIKO deposits immediately and said deposits should resume only after an official notice.\nThe team published several attacker addresses as part of its update. It said it would take technical and legal steps where needed, but did not give a timeline for restoring bridge security or restarting block production.\nBridge risks remain in focus\nTaiko is a Type 1 Ethereum-equivalent ZK-EVM rollup designed as a based rollup, where Ethereum L1 validators are expected to help order transactions. The network launched mainnet in May 2024 and supports Ethereum-compatible smart contracts and tools.\nMeanwhile, crypto.news recently reported that cross-chain bridge exploits caused $28.6 million in May losses, or about 42% of that month’s total reported by CertiK.\nThe incident comes after other cross-chain security failures this year. As previously reported by crypto.news, Verus Protocol’s Ethereum bridge lost more than $11.5 million in a forged-transfer exploit, while Axelar disabled Secret Network bridge routes after a $4.7 million exploit.\nMoreover, as crypto.news earlier reported, an old Aztec Connect contract lost about $2.1 million after a verification mismatch let unbacked balances move through Ethereum settlement records.\n\n\n\n\n\n                Read more:\n            \n\n                South Korea’s Toss Bank tests Solana rails for global payments","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2645045077","isCrawlerRequest":true}