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TechFlow News: On June 22, Blockaid reported that Taiko’s ERC-20 treasury on Ethereum was attacked, resulting in losses exceeding $1 million. Preliminary analysis suggests the issue may stem from a vulnerability in Taiko’s cross-chain bridge proof verification, enabling attackers to forge cross-chain messages and withdraw assets, thereby causing unauthorized release of treasury funds.
Blockaid monitoring reported that Taiko’s ERC-20 treasury on Ethereum was attacked, resulting in losses exceeding $1 million. Preliminary analysis suggests the issue may stem from a vulnerability in Taiko’s cross-chain bridge proof verification, enabling the attacker to forge cross-chain messages and withdraw assets—causing unauthorized release of treasury funds.
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