Woofun AI reports that Taiko has confirmed a critical compromise within its chain state verification mechanism, rendering the security assumptions of all cross-chain bridges deployed on the network unreliable. The protocol is actively coordinating with its security committee and ecosystem partners to contain the incident, suspend affected systems, and pursue technical and legal remedies against the threat actors.

Users are strongly advised to immediately withdraw assets from all cross-chain bridges operating on Taiko to mitigate potential losses.

Concurrently, Taiko has requested centralized exchanges to suspend TAIKO token deposits until further notice. This development follows earlier reports of an attack on the Taiko ERC20 Vault, which resulted in losses exceeding $1 million, with the attacker's address now publicly disclosed.