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COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA · CRYPTO ·

Taiko halts its Ethereum layer-2 network after a bridge exploit, token dives

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
An attacker forged withdrawal proofs to drain about $1.7 million, the same type of flaw behind this year's biggest bridge hacks. Fast containment kept the damage small.
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Taiko, an Ethereum layer-2 network, temporarily halted operations following a bridge exploit that resulted in a loss of approximately $1.7 million. The attack involved forging withdrawal proofs, a vulnerability also seen in other major bridge hacks this year. Swift containment…

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