{"id":74382,"date":"2026-06-22T10:39:56","date_gmt":"2026-06-22T10:39:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/taiko-halts-withdrawals-as-hackers-pull-1-7m-through-bridge-validation-flaw\/"},"modified":"2026-06-22T10:39:56","modified_gmt":"2026-06-22T10:39:56","slug":"taiko-halts-withdrawals-as-hackers-pull-1-7m-through-bridge-validation-flaw","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/taiko-halts-withdrawals-as-hackers-pull-1-7m-through-bridge-validation-flaw\/","title":{"rendered":"Taiko Halts Withdrawals as Hackers Pull $1.7M Through Bridge Validation Flaw"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">On June 22, hackers exploited a flaw in Taiko\u2019s bridge proof validation to drain a total of $1.7 million.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The TAIKO token faced massive market volatility, briefly spiking before sliding by over 10%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Taiko successfully contained the incident and maintains a request for CEXs to freeze deposits for now.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Technical Flaw Leads to $1.7 Million Loss<\/h2>\n<p>Ethereum scaling solution Taiko confirmed June 22 that its chain state verification mechanism had been compromised. As a consequence, the \u201csecurity assumptions\u201d of all <a href=\"https:\/\/news.bitcoin.com\/gravity-bridge-exploit-5-4-million-binance-changenow-2026\/\">bridges<\/a> deployed on the platform can no longer be relied upon, Taiko said in a statement.<\/p>\n<p><\/p>\n<p>On Coingecko, the platform token initially appeared to surge on the news, rising from $0.0842 to nearly $0.097 before sliding to $0.075 cents, a drop of approximately 10%. However, according to one social media user, Vietnam Penguin, the token went as high as $0.0133 \u2014an approximately 100% jump\u2014before it began descending.<\/p>\n<p>In a post on X, Taiko <a href=\"https:\/\/x.com\/taikoxyz\/status\/2068857506718515320\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a> it was working with partners to contain the fallout and identify the culprits.<\/p>\n<p>\u201cWe are actively coordinating with the Security Council and ecosystem partners to contain the incident, pause affected systems where possible, and take all necessary technical and legal action. We strongly advise all users to withdraw their funds from all bridges deployed on Taiko immediately,\u201d Taiko said.<\/p>\n<p>However, in a later <a href=\"https:\/\/x.com\/taikoxyz\/status\/2068953220097986953\" target=\"_blank\" rel=\"noopener noreferrer\">update<\/a>, Taiko claimed that the incident had been contained after it fully stopped withdrawals via the bridge and the <span>ERC-20<\/span> vault. As a result, Taiko said users do not need to take action and its earlier advice to withdraw no longer stands. Nevertheless, the request to <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a> to suspend TAIKO deposits remains in place.<\/p>\n<p>The exploit, which <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> security firms attribute to a flaw in Taiko\u2019s bridge source-signal proof validation, allowed attackers to bypass normal validation protocols. By submitting crafted message proofs that were mistakenly accepted as valid on the Ethereum layer-1 network, the hackers initiated unauthorized withdrawals, draining an <a href=\"https:\/\/x.com\/lookonchain\/status\/2068872827932160087\" target=\"_blank\" rel=\"noopener noreferrer\">estimated<\/a> $1.7 million from Taiko\u2019s <a class=\"lar_link lar_link_outgoing\" href=\"https:\/\/news.bitcoin.com\/go\/3Gbk\/\">ERC-20<\/a> vault.<\/p>\n<p>Meanwhile, the incident highlights how <a href=\"https:\/\/news.bitcoin.com\/lazarus-group-suspected-of-moving-175m-in-eth-after-arbitrum-freezes-71m-from-kelpdao-exploit\/\">proof verification<\/a> has become the primary attack surface for layer-2 bridges. According to X user Master of <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Crypto<\/a>, the Taiko exploit was unique<a href=\"https:\/\/x.com\/MasterCryptoHq\/status\/2068952702839828879\" target=\"_blank\" rel=\"noopener noreferrer\"> because<\/a> it was a fundamental design flaw rather than a traditional hack.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/taiko-halts-withdrawals-as-hackers-pull-1-7m-through-bridge-validation-flaw\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways On June 22, hackers exploited a flaw in Taiko\u2019s bridge proof validation to drain a total of $1.7 million. The TAIKO token faced massive market volatility, briefly spiking before sliding by over 10%. Taiko successfully contained the incident and maintains a request for CEXs to freeze [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":74383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74382"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74382"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74383"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}