SECURITYCOINTELEGRAPH
Taiko urges users to withdraw as bridge exploit drains $1.7M
Taiko's bridge and ERC20 Vault on Ethereum experienced a security breach due to a compromised chain state verification mechanism, enabling forged proofs and unauthorized withdrawals that drained $1.7 million.
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Adjacent reporting
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- Cosmos-based Gravity Bridge halts bridge after reported $5.4M exploit
- Secret Network’s Axelar bridge drained for $4.67 million in infinite-mint exploit that went unnoticed for seven days
- Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender
- Kelp DAO’s rsETH bridge apparently exploited for roughly $292 million in LayerZero-based attack
- $292M Gone. KelpDAO Hacked, Aave Nearly Dragged Down With It. Can You Still Trust DeFi?