Taiko Exploit: $1.7M Lost as June Hacks Top 20, Bridges Remain Vulnerable
Taiko just got hit for $1.7 million, another nail in the coffin for crypto bridges. This exploit pushes June's hack tally past 20, proving that even Ethereum-equivalent rollups aren't safe.
Taiko is the latest victim, losing $1.7 million to an exploit targeting its chain-state verification mechanism. This isn't just another Tuesday; it's a stark reminder that crypto bridges remain the Wild West of DeFi, ripe for the picking. The attacker is already cashing out, moving TAIKO to MEXC and holding nearly $1.5 million in ETH. Taiko's team is scrambling, urging users to pull funds from all bridges on the network and warning that bridge security assumptions are toast. This exploit adds to a brutal June, with over 20 hacks already recorded, underscoring the persistent, high-stakes risks in the crypto ecosystem.