Taiko Halts L2 After Bridge Exploit Steals $1.7M
- Bridge
- DeFi
- Security
Taiko paused block production on its Ethereum L2 after attackers exploited the bridge contract and drained roughly 1.7 million dollars. Users were told to withdraw funds manually while the team investigated. The token dropped over 10 percent on the news as CT watched another L2 bridge failure unfold.
Incident Details
- Type
- BRIDGE HACK
- Funds Lost
- $1.7M
- Status
- Ongoing
Network halted, manual withdrawals enabled, investigation ongoing