Crypto Hack
Taiko halts Ethereum layer-2 after bridge exploit
Reported by AI Image generated by AI
Taiko, an Ethereum layer-2 network, halted block production after an attacker exploited its bridge to steal about $1.7 million. The team urged users to withdraw funds from all bridges on the network.
Thorchain confirmed a suspected multichain exploit on May 15 that drained about $10 million from users across several networks. The protocol activated emergency halts and has now launched a recovery portal for affected wallets.
Reported by AI
Solana-based Drift Protocol has outlined a plan to repay users following a $295 million exploit linked to North Korean hackers. The lending platform proposes tokenized claims and a revenue-backed recovery pool to cover losses. Drift is working with law enforcement to trace and recover the stolen funds.