Taiko Exploit Adds to June Tally of Over 20 Crypto Hacks
Taiko misplaced roughly $1.7 million on Monday after an attacker compromised the chain-state verification mechanism.
The newest hack provides to the rising checklist of assaults concentrating on crypto networks in 2026.
Taiko Becomes Latest of 20-Plus Crypto Hacks This June
Taiko runs as an Ethereum-equivalent-based rollup that settles its exercise again to the mainnet. Earlier right now, Blockaid flagged an ongoing exploit in a publish on X (previously Twitter).
Taiko confirmed the compromise in a security discover and warned that bridge safety assumptions might not be trusted.
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Meanwhile, on-chain data shared by Lookonchain exhibits the attacker has already began cashing out. The pockets moved 1.99 million TAIKO, price about $189,000, to MEXC. The identical handle nonetheless holds 870.8 ETH valued at almost $1.52 million.
Taiko stated it’s working with its Security Council and ecosystem companions to include the incident. In addition, Taiko signaled that it could take technical and authorized motion towards the attacker.
The staff has requested centralized exchanges to droop TAIKO deposits till it points an official all-clear.
“We strongly advise all customers to withdraw their funds from all bridges deployed on Taiko instantly,” the staff said.
Meanwhile, it additionally shared 4 attacker addresses:
- 0x7506DeA0c38ca0B55364B22424374c5A1ae1B76a
- 0x5fbc60a12bc6635e7d587d8dac52e4b1388b4990
- 0x3cc936b795a188f0e246cbb2d74c5bd190aecf18
- 0x9108828e30f2de407aadb0af677b4a9228e4acd4
Historically, bridges have ranked amongst crypto’s costliest weak points, and 2026 has been no exception. A tracker from DefiLlama counts greater than 20 crypto hacks in June alone.
The revealed addresses of attackers give investigators a path to observe as funds transfer. Whether Taiko can get better the stolen belongings might hinge on how briskly exchanges freeze the flagged wallets.
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The publish Taiko Exploit Adds to June Tally of Over 20 Crypto Hacks appeared first on BeInCrypto.