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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 10%

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
An attacker forged withdrawal proofs to drain about $1.7 million, the same flaw class behind this year's biggest bridge hacks. Fast containment kept the damage small.
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Taiko halted its Ethereum layer 2 network after a bridge exploit, causing its token to dive 10%. An attacker successfully drained approximately $1.7 million by forging withdrawal proofs, a security flaw reminiscent of other significant bridge hacks this year. Prompt containment…

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Market Samachar is a news aggregator. This article was originally published by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data. Tap the button above to read the full story on their site.

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