A security breach tore through Taiko’s Ethereum layer-2 bridge over the weekend, draining roughly $1.7 million from the protocol and forcing the team to halt all block production while urging users to pull their funds immediately. The Taiko bridge hack has rattled confidence in the network just two years after its mainnet launch — and the stolen funds are already moving through centralized exchanges.
Key takeaways
Taiko’s Ethereum layer-2 bridge lost approximately $1.7 million in a proof-validation exploit.
A flaw allowed forged message proofs to bypass verification, releasing funds from the ERC20 vault without any legitimate backing events on the Taiko chain.
Nearly 2 million Taiko tokens were transferred to the MEXC exchange; around $1.5 million remains in attacker wallets, mostly in Ether.
Taiko halted all block production and urged all bridge users to withdraw funds immediately.
The incident is one of at least 23 crypto exploits recorded in June 2026, according
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