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via CoinDesk · By CoinDesk Staff

Taiko halts its Ethereum layer 2 network after a bridge exploit, token dives 10%

TAIKO

TAIKO/USDT

$0.0692

-5.91%

$0.0692

-5.91%

(24s)

24h Volume

$9,342,616.80

24h H/L

$0.0750 / $0.0681

Change: $0.006900 (10.13%)

Funding Rate

-0.5768%

Shorts pay

Data provided by COINOTAG DATALive data

TAIKO

Daily

$0.0700

▼ -2.37%

Volume (24h): -

Resistance Levels

Resistance 3$0.0852

Resistance 2$0.0772

Resistance 1$0.0717

Price$0.0700

Support 1$0.0681

Support 2$0.0616

Support 3$0.0463

Pivot (PP):$0.070667

Trend:Downtrend

RSI (14):30.8

CoinDesk Staff

(09:23 AM UTC)

1 min read

Updated bySarah Chen

1436 views

0 comments

Summary

Taiko, an Ethereum Layer 2 network, halted block production and urged users to withdraw funds after an attacker exploited its bridge to steal about $1.7 million.
The attacker forged cross-chain proofs so that fake withdrawal requests were accepted on Ethereum without matching deposits on Taiko, draining the bridge and its token vault before the team froze activity.
While the dollar loss was…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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