Taiko Users Advised to Withdraw Funds Following $1.7M Exploit
Taiko has alerted users to withdraw their funds after a vulnerability in its bridge and ERC20 Vault on Ethereum led to a loss of $1.7 million due to unauthorized withdrawals.
Editorial Staff
1 min read
Updated 1 day ago
On June 22, 2026, Taiko reported a significant security breach affecting its bridge and ERC20 Vault on Ethereum.
The incident involved a failure in the chain state verification mechanism, which permitted the creation of forged proofs.
As a result, unauthorized withdrawals occurred, draining approximately $1.7 million from the platform.