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Taiko Halts Layer-2 After $1.7M Bridge Exploit ⚠️ Taiko, an Ethereum Layer-2 network, was forced to halt operations after its bridge was exploited for an estimated $1.7 million. The incident took place on June 22 and quickly put pressure on the TAIKO token as the market reacted to the latest security risk. 🔎 According to early reports, the attacker created forged withdrawal proofs, allowing the bridge system to accept invalid transactions and release assets from the bridge and ERC-20 vault on Ethereum. This is a sensitive risk because it directly affects the verification mechanism between L2 and L1. 🛠️ Taiko responded by halting block production, advising users to remain cautious with bridges, and asking some exchanges to pause TAIKO deposits. The team later said the exploit had been contained, with the main bridge and token vault paused to prevent further outflows. 📉 Although the loss is not as large as many previous bridge hacks, the incident still weighs on trust because the flaw involved a core verification layer. In the short term, TAIKO may remain highly volatile until the project releases a full post-mortem and a clear remediation plan. #Taiko

🚨 𝐓𝐀𝐈𝐊𝐎 𝐄𝐗𝐏𝐋𝐎𝐈𝐓: 𝐖𝐇𝐄𝐍 𝐑𝐈𝐒𝐊 𝐈𝐒𝐍’𝐓 𝐓𝐇𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 Another day, another reminder in crypto. This time the target was Taiko. 🔶 Around $1.7M exploited 🔶 Attacker moved 1.99M $TKO to MEXC 🔶 Wallet still holding nearly 870 $ETH (~$1.5M) 🔶 $TAIKO reacted with a sharp 25% drop Everyone watches charts, candles, and liquidations... But sometimes the biggest danger is not price action. It’s hidden inside the protocol itself. Security, audits, and risk management matter just as much as entries and exits. In crypto, protecting capital comes before chasing gains. — Trading Heights 📊 $TAIKO $BTC

Bitget announcement on resuming TAIKO - Taiko deposits | Bitget Support Center https://www.bitgetapps.com/support/articles/12560603884475?appVersion=2.83.2&time=1779856186892&androidSdk=34&language=en_US&appTheme=standard

⚠️ Bitget to Suspend TAIKO Network Withdrawals has announced the temporary suspension of withdrawal services for TAIKO on the Taiko network due to scheduled wallet maintenance. 📌 Key Details: • Asset: TAIKO • Network: Taiko • Service Affected: Withdrawals • Suspension Starts: May 13, 2026 — 21:54 (UTC+8) • Reason: Wallet Maintenance • Reopening Time: To be announced separately Users are advised to avoid initiating withdrawal requests on the Taiko network during the maintenance period. Such temporary suspensions are generally implemented to improve wallet security, network reliability, and infrastructure stability. 📊 Market Reminder: Maintenance-related pauses are common across exchanges and usually do not affect spot trading activities for the asset itself. Stay tuned to official Bitget announcements for updates regarding the reopening of withdrawal services. $PI $BTC $ETH

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