Taiko (TAIKO)

⚠️ Security Notice

1/2: We have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security assumptions of all bridges deployed on Taiko can no longer be relied upon.

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.

We strongly advise all users to withdraw their funds from all bridges deployed on Taiko immediately.

Further updates will be provided as more information becomes available.

Taiko Urges Users to Withdraw From Bridges After Verification Mechanism Compromise

Taiko said in a security notice that it has confirmed a compromise of its chain state verification mechanism, and that the security assumptions of all bridges deployed on Taiko can no longer be relied upon. Taiko strongly advised users to immediately withdraw funds from all relevant bridges and requested centralized exchanges to suspend TAIKO deposits until further official notice. Earlier, Blockaid said Taiko’s ERC20 Vault on Ethereum had been attacked, with losses exceeding $1 million. Preliminary analysis showed the vulnerability stemmed from a flaw in the source-signal proof verification mechanism of Taiko’s bridge.