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Taiko's Ethereum layer 2 was exploited, losing $1.7M due to a chain-state verification failure.

Market News
22 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Taiko, an Ethereum layer 2 scaling solution, suffered a $1.7 million exploit after its chain-state verification mechanism failed, allowing an attacker to bypass key validation checks. The attacker quickly moved stolen assets, including 1.99 million TKO tokens to an exchange wallet for liquidity, while still holding 870.8 ETH worth $1.52 million. Taiko responded by halting block production and urging exchanges to freeze deposits to limit further damage. Despite the breach, Taiko's liquidity and activity remained stable, but the attack exposed critical security flaws in its core infrastructure, raising concerns about future reforms.

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Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...

Market News
Bullish
1 hour ago
ARCpoint delays annual financial filings due to funding issues, expects to file by Sept 29, 2026.

ARCpoint delays annual financial filings due to funding issues, expects to file by Sept 29, 2026.

ARCpoint Inc. announced it will likely miss the July 29, 2026 deadline to file its annual financial statements and related reports due to a lack of funds to pay auditors. The company has applied for a Management Cease Trade Order (MCTO) and awaits ap...

Market News
Bearish
2 hours ago
Investors in Putnam mutual funds may claim losses in a new class action lawsuit.

Investors in Putnam mutual funds may claim losses in a new class action lawsuit.

The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging that the company may have provided misleading business information to investors. Investors who purchased Putnam stock-based mutual fun...

Market News
Bearish
2 hours ago
Stocks fall sharply due to legal probes, financing plans, and volatile listings today.

Stocks fall sharply due to legal probes, financing plans, and volatile listings today.

Several stocks experienced significant declines today driven by company-specific events. SANUWAVE Health's shares dropped 39.21% despite strong revenue guidance, Twin Vee Powercats fell 30.95% amid a legal investigation, and Gorilla Technology declin...

Market News
Bearish
3 hours ago
Study finds 2 years of lenalidomide maintenance as effective as indefinite treatment for multiple myeloma.

Study finds 2 years of lenalidomide maintenance as effective as indefinite treatment for multiple myeloma.

The phase III ENDURANCE trial showed that two years of lenalidomide maintenance therapy offers the same long-term survival benefit as indefinite treatment for patients with standard-risk multiple myeloma who are not transplant candidates. After nearl...

Company Fundamentals
Neutral
3 hours ago
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