Taiko Layer-2 Bridge Exploit Drains $1.7M, Halts Network
Taiko, a prominent Ethereum layer-2 network, halted all block production on June 22 and instructed users to withdraw funds after an attacker exploited its bridge infrastructure, draining approximately $1.7 million before the team froze activity. The incident marks another critical vulnerability in cross-chain bridge security, adding to a devastating year for the DeFi ecosystem that…