Taiko (Layer-2 Ethereum) gets hacked, urgent warning for users to withdraw funds

* Taiko, a Layer-2 solution on Ethereum, has issued an urgent alert asking users to pull their funds from their bridge.
* This warning comes after a serious security incident where an attacker exploited the proof verification process of the project.
* It's estimated that over $1.7 million was snatched in this hack.
* This incident underscores the critical importance of security in DeFi protocols and Layer-2 solutions.
#Taiko #Ethereum #Layer2 #SecurityBreach #CryptoNews BinanceSquare

$eth $taiko

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Source: Decrypt