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Taiko Chain's Proof of State mechanism has been compromised, and users are advised to immediately withdraw funds from the cross-chain bridge.

2 hours ago

On June 22, Taiko announced via the X platform that its on-chain state verification mechanism has been compromised, rendering the security assumptions of all cross-chain bridges deployed on Taiko unreliable. Taiko stated it is coordinating with its Security Committee and ecosystem partners to manage the situation, has suspended affected systems, and is taking both technical and legal actions. The project is strongly advising all users to immediately withdraw all funds from cross-chain bridges operating on Taiko. Furthermore, Taiko is urgently requesting all centralized exchanges to suspend TAIKO token deposit services until further official notice. For context, the Taiko ERC20 Vault was previously exploited in an attack that resulted in losses exceeding $1 million.
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