Taiko Urges Users to Exit All Bridges After Exploit, Halts Block Production

Taiko said users should withdraw funds from every bridge deployed on its network after confirming its chain state verification mechanism was compromised. The incident followed a reported exploit of Taiko’s ERC20 Vault on Ethereum (ETH), with Blockaid estimating losses had exceeded $1 million. Taiko has temporarily stopped block production and asked centralized exchanges to suspend TAIKO deposits.