Taiko Chain State Verification Mechanism Compromised, Users Urged to Immediately Withdraw Funds from Cross-Chain Bridges

Odaily reported that Taiko stated on its X platform that it has confirmed its chain state verification mechanism has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.

Taiko said it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.

Additionally, Taiko has made an urgent request for all centralized exchanges to suspend TAIKO token deposit services until further official notice. Previously, Taiko's ERC20 Vault was attacked, resulting in losses exceeding $1 million.