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

KuCoinFlash

Release Time: 06/22/2026 01:13:02

TAIKO

$0.0678-0.73%

Summary

On June 22, 2026, Taiko confirmed on X that its chain state verification mechanism has been compromised, rendering on-chain data for cross-chain bridges unreliable. The project has paused affected systems and is collaborating with the Security Council and partners to resolve the issue. Users are urged to withdraw funds from cross-chain bridges immediately. Taiko has also requested exchanges to halt TAIKO deposits. On-chain analysis indicates that the Taiko ERC20 Vault was previously attacked, resulting in losses exceeding $1 million.

BlockBeats report: On June 22, Taiko posted on X stating that its chain state verification mechanism has been compromised, and all security assumptions for cross-chain bridges deployed on Taiko are no longer reliable.

Taiko is coordinating with its security committee and ecosystem partners to contain the situation, suspend affected systems, and take technical and legal actions. Taiko strongly advises all users to immediately withdraw their funds from cross-chain bridges deployed on Taiko.

Additionally, Taiko has urgently requested all centralized exchanges to suspend TAIKO token deposits until further official notice. This follows a breach of the Taiko ERC20 Vault, which resulted in losses exceeding $1 million.

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