Taiko, an Ethereum layer-2 network, tells users to withdraw funds after a security breach involving its bridge and an ERC-20 vault. Multiple outlets report that an attacker compromises Taiko’s bridge by exploiting weaknesses in the system used to verify chain state proofs. According to the reports, the attacker forges withdrawal proofs, enabling unauthorized withdrawals from the bridge. The estimated amount reportedly stolen is about $1.7 million, though sources frame this as an estimate based on observed activity. CoinDesk and others say Taiko halts operations on the network as a containment measure, aiming to limit further loss. The described issue resembles proof-verification flaws seen in other major bridge incidents earlier this year. Taiko’s response includes warning users to withdraw their funds, with the expectation that stopping the network reduces the chance of additional withdrawals while the vulnerability is addressed. The outlets characterize the breach as a compromise of the proof or verification mechanism rather than a direct compromise of end-user wallets.