taiko

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 bridge reopens, ensuring that each user's balance receives 1:1 support, consistent with the situation before the incident occurred.Since the occurrence of this security incident, cautious measures have been taken, including controlling the scope of impact, determining the cause of the incident, and collaborating with the board to develop a plan to protect user assets. In addition, the CEO of Taiko has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in tracing the responsible parties. Users currently do not need to take any action; at this stage, the completed repair plan is being tested, and the chain and bridging services will be reopened as soon as safety is ensured. Users are also reminded to be vigilant against scams; the Taiko team will not proactively message users, and there are no websites for claiming or refunds. Any links provided for such purposes are scams.

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 the DAO council to explore the best solutions. Yesterday, Taiko's ERC20 Vault on Ethereum was attacked, resulting in losses exceeding 1 million dollars.

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 assets. The remaining funds in the cross-chain bridge are currently safe, and we will announce the next steps in our upcoming updates. To focus on fixing the vulnerabilities and protecting user assets, we will pause updates for a few hours."Previously, it was reported that the Taiko cross-chain bridge was attacked, with losses potentially reaching up to $1.7 million.

Taiko released a security incident update on platform X, stating that the incident has been brought under control, the cross-chain bridge and vault have been suspended, and funds can no longer be withdrawn. The cross-chain bridge is offline in both directions, and pending transactions are in a suspended state rather than lost. More information will be announced soon.

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 impact and subsequent response measures. Previously, Taiko confirmed that its chain state validation mechanism had been compromised and advised users to immediately withdraw funds from cross-chain bridges deployed on Taiko.

According to monitoring by Paidun, the Taiko attack has resulted in a loss of approximately $1.7 million. The attackers have transferred 1.99 million TAIKO (approximately $189,000) to the MEXC exchange.

Taiko posted on platform X that it has confirmed the chain state verification mechanism of Taiko has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko is coordinating with the security committee and ecosystem partners to control the situation, suspend affected systems, and take technical and legal action. Taiko strongly advises all users to immediately withdraw funds from all cross-chain bridges deployed on Taiko.Taiko urgently requests all centralized exchanges to suspend TAIKO token deposits until further notice. The attacker's address has been disclosed. Previously, it was reported that the Taiko ERC20 Vault was attacked, resulting in losses exceeding $1 million.

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.

LayerBank announced the completion of a $2.3 million Pre-Seed funding round, with participation from Move Industries CEO Torab Torabi, Coin Bureau Chinese, DVchain, Taiko, Rootstock, and several angel investors and ecosystem contributors.The new funds will be used to advance the development and launch of its native token ULAB, which is designed as the foundation for the platform's long-term value capture and incentive model. LayerBank plans to hold its token generation event (TGE) on the Movement Network. LayerBank is a universal liquidity and on-chain money market that currently supports over 150 markets across more than 17 chains, aiming to provide lending and yield strategies through a unified chain abstraction experience.

ChainCatcher news, according to Blockworks, the Rollup-based Ethereum Layer 2 project Taiko has officially activated its binding on-chain governance system and appointed three heavyweight board members. Taiko stated that its governance operates entirely on-chain, and token holders have veto power over any protocol changes.The newly appointed board members include: Felix Oberholzer-Gee: Professor at Harvard Business School. Joy Lam: Former Global Head of Regulatory Affairs at Binance. Wen Yonggang: IEEE Fellow, Professor at Nanyang Technological University.Taiko Labs CEO Daniel Wang stated, "We are changing the governance model of L2. Most scaling solutions retain backdoor control through multi-signatures or upgrade keys, while we are truly giving power to the token holders."

ChainCatcher news, according to the official announcement, Binance will launch the TAIKO/USDT perpetual contract on June 11, 2025, at 20:30 Beijing time, and the SQD/USDT perpetual contract at 20:45. Both will support up to 50x leverage trading.

ChainCatcher news, according to official information, Alpha has now launched Taiko (TAIKO). Eligible users, who have at least 205 Alpha points, can claim an airdrop of 130 TAIKO tokens on the Alpha event page starting from May 31, 2025, at 14:00 UTC+8.Please note that claiming the TAIKO airdrop will consume 15 Alpha points. Users need to complete the claim within 24 hours after the claim opens, otherwise it will be considered a forfeiture of the airdrop.

ChainCatcher news, according to official information, Binance Alpha has launched TAIKO.

ChainCatcher news, according to token unlocking data from the crypto asset data platform RootData, Taiko (TAIKO) will unlock approximately 81.55 million tokens at 00:00 Beijing time on June 5, worth about 59.3 million USD.

ChainCatcher news, according to the official announcement, Taiko (an Ethereum-based Layer 2 scaling solution) has announced a partnership with Revolut to bring its native token TAIKO to the Revolut platform, allowing direct access and trading for 45 million users across 50 countries.The collaboration aims to enhance the accessibility of cryptocurrencies and promote the adoption of Web3 technologies. Taiko utilizes Ethereum's security mechanisms and sequencers, aiming to provide scalable performance. Data shows that the platform currently has a daily transaction volume of 2 million, with over 210 million associated wallet addresses.Taiko co-founder Terence Lam stated that this partnership with Revolut will bring Layer 2 scaling solutions to mainstream users.

ChainCatcher news, according to Lookonchain monitoring, crypto KOL Ansem received an airdrop of 215,113 KAITO and sold it for 76 ETH (approximately $206,000). Currently, the 215,113 KAITO he sold is now worth about $320,000.