Taiko, an Ethereum Layer 2 network, stopped block production and urged users to withdraw funds after an attacker exploited its bridge to steal about $1.7 million. The attacker forged withdrawal proofs, allowing fake withdrawals without matching deposits, exploiting a leaked signing key. This vulnerability is similar to those behind over $340 million in bridge hacks this year. Taiko contained the damage quickly and plans to release a full incident report soon.

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$1.7M stolen in Taiko Ethereum layer-2 bridge hack exploiting verification flaw

Taiko, an Ethereum layer-2 scaling solution, suffered a $1.7 million theft due to a security exploit in its bridge infrastructure. Hackers exploited a flaw in the validation of source signal proofs, allowing fake message authentication to unlock asse...

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