Taiko ERC20 Vault was attacked, resulting in losses exceeding 1 million dollars
By: www.chaincatcher.com|06/22/2026 20:45:02
0
Share
Prefer us on Google
According to monitoring by Blockaid, Taiko's ERC20 Vault on Ethereum was attacked, resulting in losses exceeding 1 million dollars. The root of the vulnerability lies in the flawed verification of source signal proofs in Taiko's cross-chain bridge, where the constructed message proof was accepted as valid on Ethereum L1 without the corresponding legitimate MessageSent event on Taiko's source chain, allowing attackers to register and extract fraudulent cross-chain messages, thereby unauthorizedly releasing assets from the ERC20 Vault.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Taiko Proposal 39 Completed, Supporting Permit and Permit2
LayerZero Stops Providing Off-Chain Services for 13 Low-Activity Blockchains
Taiko DAO Submits Contract Upgrade Proposal to Fix Cross-Chain Bridge Vulnerability
The Taiko network has resumed operation, and cross-chain bridge assets have been restored to full 1:1 support
According to official news, Taiko stated that the network has resumed online, and user assets have not been lost. Currently, the second and third steps of the cross-chain bridge related repairs have been completed, and the assets within the bridge have been restored to a 1:1 full support correspondi...
Taiko: The attack path on June 21 has been blocked, and the network will be restarted in four steps
The Ethereum Layer2 project Taiko announced that the attack path that occurred on June 21 has been blocked, and the related fixes have been reviewed by independent security experts, ensuring that user funds will not suffer losses.The team has developed a four-step restart plan: the first step is to ...
Taiko released a security incident update, initiated testing of the repair plan, and will complete full collateralization of bridging assets before the restart
The Ethereum Layer2 project Taiko has released the latest developments on the security incident, stating that this incident will not result in any loss of user funds. Currently, the bridged assets are in a state of insufficient collateral, and all additional collateral will be completed before the b...
Taiko updates on the theft progress, the cause of the attack has been identified, and they are cooperating with CEX and security companies to recover the stolen assets
Taiko officially stated on X: "We have identified the root cause of this attack and are currently developing a fix to restore the blockchain's online operation as soon as possible. At the same time, we are working closely with major exchanges and security partners to track and freeze the hacker's as...
Taiko has thoroughly identified the root cause of the attack incident and developed a remediation plan
Taiko official announcement, the root cause of the attack has been thoroughly investigated, and the team has developed a remediation plan to safely restore blockchain operations in the coming days.Priority will be given to addressing the issues of affected users, and discussions will be held with th...
All Proposers of Taiko have suspended block production and are investigating the incident of the chain state verification mechanism being compromised
Taiko posted on platform X stating that all Proposers (nodes responsible for producing new blocks) have suspended block production. Taiko mentioned that the team is currently investigating the breach of the chain state validation mechanism and is continuously assessing the scope of the incident's im...
Boundless has released a project progress report, becoming the largest fully decentralized ZK Proof network at scale
BlockBeats News, March 7th, Boundless Official Article stated that since the beginning of the year, its network has made significant progress in multiple dimensions and has become the largest fully decentralized ZK proof network to date.According to the official update, since January 2026, Boundless...
LayerBank has completed a $2.3 million Pre-Seed funding round, with participation from Taiko and others.
BlockBeats News, December 5th: DeFi platform LayerBank has completed a $2.3 million Pre-Seed funding round. Investors in this round include Move Industries CEO Torab Torabi, the Coin Bureau Chinese team, DVchain, Taiko, Rootstock, as well as several well-known angel investors and ecosystem contribut...
Bitcoin and Quantum Risk: This Study Shows Which Exchanges Are Most Exposed
Polkadot Launches Stablecoin 'dotUSD' Under DAO Governance with USDT Issuance and US Treasury Seed Funding
Debt in Pesos: Market Fears a New 'Wall' of Maturities Every Three Months
The Government had to stop extending debt beyond 2027 due to rising interest rates. Doubts about the financial program in dollars are also increasing.
Strategy's $150 million-a-day STRC market has a hidden dependency on its own buybacks
Strategy's repurchases account for a substantial share of STRC trading, raising concerns about market liquidity.
Crypto, Starting to Doubt the Narrative
National Tax Agency Discusses Next-Generation System "KSK2" and Tax Investigations on Cryptocurrency Assets
Why Bitcoin Could Drop Below $80,000 After Another Failed Bounce
Bitcoin under pressure as Brent surpasses $100 and Treasury yields rise; key resistance at $83,696.
Circle Partners with Tereina to Integrate USDC and EURC into SAP Enterprise Payments
Hedge Funds Forced to Sell to Cut Losses, U.S. 10-Year Treasury Yield May Break 6%
Q3 2026 Earnings Preview: Why Strong Results May Not Lift Stocks & How to Predict Stock Moves with WEEX
Explore the Q3 2026 earnings season, key stock market drivers, and why earnings beats may not lift shares. Predict stock moves and win rewards with WEEX.
Bitcoin Price Slips to a Three-Week Low Near $81,000: Can $80,000 Hold After Three Rejections at $87K?
The Bitcoin price briefly fell below $81,000 on October 9, 2026, its lowest level in nearly three weeks, after repeated failures near $87,000. A bond selloff, weaker tech stocks, spot ETF outflows and a long liquidation wave all added pressure. The $80,000 area is now the key support, while $83,000 is the first level bulls need to reclaim.
Who Will Share the Profits of Cross-Border Remittances in the Stablecoin Era?
Crypto firms turn to Anthropic AI to find security flaws
MedCred: a clandestine publication claims exposure of data from 274,534 users
A publication attributed to an actor named "replaceboundless" claims that a MedCred file contains data from 274,534 users, but the authenticity, origin, and scope of the alleged leak have not been independently verified.
Citrini Research Points Out That the 'Wall' Between Traditional Finance and Cryptocurrency Is Beginning to Crumble
President Trump unveils $215M quantum computing plan amid crypto fears
Tiger Research: Five Key Changes in Crypto VC for Q3 2026
Mobile Sellers Are Here to Grab Stablecoin Access
The race in tokenized stocks has accelerated! Nasdaq CEO: "Tokenization could unlock billions of dollars in capital"
📈 Securitize has moved shares of 11 U.S. companies to the Solana network. The company's stocks rose by over 10%. 🔗 Stock tokens preserve dividends and voting rights. Securitize plans to offer 24-hour trading. 🏦 According to Nasdaq's CEO, tokenization could unlock billions of dollars tied in the ...
Taiko Proposal 39 Completed, Supporting Permit and Permit2
LayerZero Stops Providing Off-Chain Services for 13 Low-Activity Blockchains
Taiko DAO Submits Contract Upgrade Proposal to Fix Cross-Chain Bridge Vulnerability
The Taiko network has resumed operation, and cross-chain bridge assets have been restored to full 1:1 support
According to official news, Taiko stated that the network has resumed online, and user assets have not been lost. Currently, the second and third steps of the cross-chain bridge related repairs have been completed, and the assets within the bridge have been restored to a 1:1 full support correspondi...
Taiko: The attack path on June 21 has been blocked, and the network will be restarted in four steps
The Ethereum Layer2 project Taiko announced that the attack path that occurred on June 21 has been blocked, and the related fixes have been reviewed by independent security experts, ensuring that user funds will not suffer losses.The team has developed a four-step restart plan: the first step is to ...
Taiko released a security incident update, initiated testing of the repair plan, and will complete full collateralization of bridging assets before the restart
The Ethereum Layer2 project Taiko has released the latest developments on the security incident, stating that this incident will not result in any loss of user funds. Currently, the bridged assets are in a state of insufficient collateral, and all additional collateral will be completed before the b...
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
