Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives (opens original article in a new tab)

Taiko, an Ethereum Layer 2 network, halted operations and urged users to withdraw funds after an attacker exploited its bridge to steal $1.7 million by forging cross-chain proofs.

• Taiko halted its Ethereum Layer 2 network after a bridge exploit
• An attacker exploited a cross-chain messaging flaw to steal $1.7 million
• The exploit used a leaked signing key from Raiko, Taiko's multi-prover stack