Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives
CoinDesk 2026-06-22 09:23:02
Context: Taiko, a company operating an Ethereum layer-2 network, recently halted its network after a bridge exploit allowed an attacker to drain approximately $1.7 million. The exploit occurred when the attacker forged withdrawal proofs, a vulnerability similar to those behind several major bridge hacks this year. The swift response by Taiko's team limited the damage.
Key Facts
- Taiko's Ethereum layer-2 network was halted after an attacker exploited a vulnerability in the bridge, allowing them to drain approximately $1.7 million by forging withdrawal proofs.
- The type of flaw exploited by the attacker is similar to those behind several major bridge hacks that have occurred this year, highlighting a persistent vulnerability in blockchain security.
- The attack was contained quickly, which helped to minimize the damage and prevent further losses, demonstrating the effectiveness of Taiko's incident response protocols.