#chain state verification

Taiko warns users to withdraw from bridges after a verification compromise and reported ERC20 Vault losses above $1M. Taiko has issued an urgent security warning after confirming a compromise in its chain state verification mechanism.  The project said the issue affects the trust model behind bridges deployed on Taiko. The team warned that users can […] The post Taiko Bridge Security Compromise Triggers Urgent Withdrawal Warning appeared first on Live Bitcoin News.

Ethereum scaling solution Taiko confirmed that its bridge source-signal proof validation mechanism was compromised, allowing hackers to bypass protocols and drain an estimated $1.7 million from its ERC-20 vault. Technical Flaw Leads to $1.7 Million Loss Ethereum scaling solution Taiko confirmed June 22 that its chain state verification mechanism had been compromised. As a consequence, […]

Taiko’s bridge and ERC20 Vault on Ethereum suffered a compromise in its chain state verification mechanism, allowing forged proofs and unauthorized withdrawals.