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cryptoJun 22, 2026, 6:31 AM

Taiko State-Proof Mechanism Compromised; $17M Lost in Bridge Attack

Taiko's blockchain state-proof mechanism was compromised, compromising all bridge security. Developers urge users to withdraw funds immediately. Analysts estimate $17 million in losses.

TKOETH

Taiko's team has disclosed a compromise of the blockchain's state-proof verification mechanism, which has undermined the security of all bridges on the network. Developers have advised users to withdraw their assets from bridge protocols on Taiko as soon as possible.

According to analysts at Lookonchain, the estimated damage is approximately $17 million. The attacker stole native TKO tokens and various wrapped ETH tokens. A portion of the stolen funds has already been sent to a centralized exchange.

Source: ForkLog