POPA ReconTaiko Halts Block Production After $1.7M Bridge Exploit
Taiko Halts Block Production After $1.7M Bridge Exploit Ethereum Layer-2 Taiko stopped all block production after attackers exploited a flaw in its bridge's proof verification — forging proofs to bypass checks and drain funds. Taiko is urging users to withdraw funds from every bridge on the network immediately, and has asked exchanges to suspend TAIKO deposits. Security firm PeckShield estimates losses near $1.7M. Proposers stay paused while the team investigates — the latest hit in a brutal month for cross-chain bridges. 👉 theblock.co/post/405486
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