Taiko lost roughly $1.7 million on Monday after an attacker compromised the chain-state verification mechanism.
The latest hack adds to the growing list of attacks targeting crypto networks in 2026.
Taiko Becomes Latest of 20-Plus Crypto Hacks This June
Taiko runs as an Ethereum-equivalent-based rollup that settles its activity back to the mainnet. Earlier today, Blockaid flagged an ongoing exploit in a post on X (formerly Twitter).
Taiko confirmed the compromise in a security notice and warned that bridge security assumptions could no longer be trusted.
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Meanwhile, on-chain data shared by Lookonchain shows the attacker has already started cashing out. The wallet moved 1.99 million TAIKO, worth about $189,000, to MEXC. The same address still holds 870.8 ETH valued at nearly $1.52 million.
The team has asked centralized exchanges to suspend TAIKO deposits until it issues an official all-clear. Meanwhile, it also shared 4 attacker addresses:
- 0x7506DeA0c38ca0B55364B22424374c5A1ae1B76a
- 0x5fbc60a12bc6635e7d587d8dac52e4b1388b4990
- 0x3cc936b795a188f0e246cbb2d74c5bd190aecf18
- 0x9108828e30f2de407aadb0af677b4a9228e4acd4
In a follow-up statement, Taiko confirmed the incident had been contained. The team also said that it has paused the Bridge and ERC20Vault, with all related withdrawals stopped. Consequently, the previous guidance advising users to withdraw funds has been withdrawn.
“The bridge is paused, so withdrawals aren’t possible right now, and you don’t need to take any action. Pending transactions are paused, not lost,” the team said.
Historically, bridges have ranked among crypto’s costliest weak points, and 2026 has been no exception. A tracker from DefiLlama counts more than 20 crypto hacks in June alone.
The published addresses of attackers give investigators a trail to follow as funds move. Whether Taiko can recover the stolen assets may hinge on how fast exchanges freeze the flagged wallets.
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