DeFiBearishCoinDesk · Jun 227/10
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Taiko halts its Ethereum layer 2 network after a bridge exploit, token dives 10%
Taiko, an Ethereum layer 2 network, halted operations after an attacker exploited a bridge vulnerability to drain approximately $1.7 million by forging withdrawal proofs. The incident mirrors a recurring attack vector in bridge security and triggered a 10% decline in the protocol's token, though rapid containment limited broader damage.
$ETH