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Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach

Taiko, the Ethereum layer 2 blockchain, has urged customers to withdraw their funds from all bridges deployed on the community instantly.

This follows a affirmation of a safety breach involving the community’s chain state verification mechanism.

We have confirmed a compromise of Taiko’s chain state verification mechanism. As a outcome, the safety assumptions of all bridges deployed on Taiko can not be relied upon.

The crew confirmed they’re actively working with the Security Council and varied ecosystem companions to include the incident, pause the affected system wherever attainable, and take each technical and authorized actions.

So far, there’s no info on the quantity of funds in jeopardy or if one thing has been stolen.

According to knowledge from PeckShield, the exploit resulted in a lack of $1.7 million, whereas the attacker has already transferred 1.99 million TAIKO tokens, price barely lower than $200K, to MEXC.

The put up Ethereum Layer 2 Taiko Urges Users to Withdraw Funds From Bridges, Confirms Security Breach appeared first on CryptoPotato.

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