Taiko reopens bridge after $1.7M exploit, says users made whole
Taiko restored bridge transfers after replenishing asset backing and completing security fixes following an 11-day network disruption. Source link
Tag: 1.7M
Read More
Taiko Halts Withdrawals as Hackers Pull $1.7M Through Bridge Validation Flaw
Key Takeaways On June 22, hackers exploited a flaw in Taiko’s bridge proof validation to drain a total of $1.7 million. The TAIKO token faced massive market volatility, briefly spiking before sliding by over 10%. Taiko successfully contained the incident and maintains a request for CEXs to freeze deposits for now. Technical Flaw Leads to…