Taiko: Chain state verification mechanism compromised, users advised to immediately withdraw funds from related cross-chain bridges

CoinFeed June 22 news, Taiko posted on X platform stating that it has confirmed the Taiko chain state verification mechanism has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable. Taiko is coordinating with the security committee and ecosystem partners to control the situation, suspend affected systems, and take technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from all cross-chain bridges deployed on Taiko. Taiko urgently requests all centralized exchanges to suspend TAIKO token deposits until official notice is received. The attacker's address has been published. Earlier news reported that the Taiko ERC20 Vault was attacked, resulting in a loss of over $1 million.