Taiko
Coverage of Taiko in the Nexus archive.
- Taiko reopens bridge after $1.7M exploit, says users made whole
Taiko restored bridge transfers after replenishing asset backing and completing security fixes following an 11-day network disruption caused by a $1.7M exploit. The company stated that users were made whole as a result of the incident.
- Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack
Taiko fully restored its cross-chain bridge 10 days after a $1.7 million hack. The restoration indicates the company addressed the security breach and recovered operations.
- Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives
Taiko has halted its Ethereum layer-2 network following a bridge exploit, leading to a significant decline in its token's value.
- 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.
- Ethereum Layer 2 Taiko halts block production following exploit; urges users to withdraw funds
Ethereum Layer 2 solution Taiko halted block production after an exploit, urging users to withdraw funds. Onchain security firm Blockaid identified a flaw in Taiko bridge's source-signal proof validation as the root cause.