Taiko attacker transfers 1.99 million TAIKOs to MEXC, Taiko confirms that chain state verification mechanism has been compromised

According to Paidun Monitoring, Taiko attackers transferred 1.99 million TAIKOs worth approximately $189000 to MEXC. Taiko tweeted that its chain state verification mechanism has been hacked, and the security assumptions of all cross chain bridges deployed on Taiko are no longer reliable. Taiko is coordinating with the security committee and ecosystem partners to control the situation, suspend affected systems, and take technical and legal actions.