Taiko urges immediate withdrawal from bridges after exploit

Following a $1 million exploit on a Taiko (TAIKO) vault, the project announced on X that it has confirmed its chain state verification mechanism was compromised. As a result, Taiko stated that the security of all bridges operating on its network can no longer be trusted. The team is actively working with its security committee and key ecosystem partners to contain the incident and has urged users to immediately withdraw their funds from all bridges deployed on Taiko.