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    Taiko Urges Users to Move Funds Following $1.7 Million Bridge Exploit

    7 hours ago

    Ethereum layer-2 network Taiko has advised users to withdraw funds from all bridges deployed on its ecosystem after a bridge exploit resulted in losses of up to $1.7 million. The incident, linked to a flaw in the chain state verification mechanism, prompted the protocol to suspend affected systems and work with partners to contain the breach. Security researchers say the exploit exploited weaknesses in the bridge’s signal validation process.
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