Ethereum layer 2 project Taiko has called for immediate withdrawals from all network bridges and requested that exchanges halt TAIKO deposits following a security incident affecting its chain-state verification process.
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…
— Taiko.eth 🥁 (@taikoxyz) June 22, 2026
Blockaid, which first flagged the exploit, said the attack targeted Taiko’s ERC20 Vault on Ethereum and resulted in losses exceeding $1 million.
