On June 22, the Taiko Layer 2 solution team reported a breach of its blockchain state verification mechanism.
⚠️ Security Notice
1/2: We have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security assumptions of all bridges deployed on Taiko can no longer be relied upon.
We are actively coordinating with the Security Council and ecosystem…
— Taiko.eth 🥁 (@taikoxyz) June 22, 2026
In light of this, developers stated that the security of bridges deployed on the network can no longer be trusted. Users were advised to withdraw their funds from all bridge protocols on Taiko as soon as possible.
The project is coordinating with the Security Council and ecosystem partners to address the incident. The team also requested centralized exchanges to suspend TAIKO deposits until further notice.
Lookonchain estimated the damage at approximately $1.7 million. Analysts reported that the hacker stole native TAIKO tokens and various wrapped ETH.
— Lookonchain (@lookonchain) June 22, 2026
Following the attack, the TAIKO token dropped 11% in a day, falling from $0.09 to $0.07.
15-minute chart of TAIKO/USDT on HTX exchange. Source: TradingView.It is worth noting that on June 19, the blockchain project Axelar disclosed a breach of its bridge with the Secret Network protocol. The attacker exploited an "infinite mint" vulnerability to withdraw approximately $4.67 million.