Ethereum · The Block
Ethereum Layer 2 Taiko pauses block production following exploit; urges users to withdraw funds
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
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Ethereum-based rollup Taiko has confirmed a compromise of its chain state verification mechanism.
Key facts
- While Blockaid reported the losses to be around $1 million, follow-up reports from onchain analytics platform PeckShield said the stolen amount totals around $1.7 million, and the exploiter has moved
- In its latest update, Taiko confirmed that the estimated losses were around $1.7 million before the pause
- Ethereum-based rollup Taiko has confirmed a compromise of its chain state verification mechanism
- Social media platform X, Taiko said that due to the compromise, all bridges deployed on the protocol are no longer considered secure
Summary
Social media platform X, Taiko said that due to the compromise, all bridges deployed on the protocol are no longer considered secure. "We are actively coordinating with the Security Council and ecosystem partners to contain the incident, pause affected systems where possible, and take all necessary technical and legal actions," Taiko wrote. Taiko also requested that centralized exchanges suspend deposits of its native token immediately until further notice from the protocol. In a follow-up X post, Taiko wrote that all of its proposers have halted the production of new blocks while the team investigates the issue.