Crypto news

June 2026 has become one of the most tense months for security in the crypto industry. According to my data, more than 20 successful hacks of various projects have been recorded since the beginning of the month. Another high-profile incident occurred with the L2 solution Taiko, which lost approximately $1.7 million due to a critical vulnerability in the bridge state verification mechanism.

Security experts from Blockaid were the first to notice the ongoing attack. The Taiko team promptly confirmed the incident in their report, stating that the platform's bridges can no longer be considered reliable. Analysts from Lookonchain have already recorded attempts to withdraw funds: the attacker sent 1.99 million TAIKO tokens (about $189,000) to the MEXC exchange, while 870.8 ETH — nearly $1.52 million — still remain in their wallet.

Team Response and Countermeasures

Taiko is actively cooperating with the Security Council and ecosystem partners to contain the damage. The team has not ruled out taking both technical and legal measures against the attacker. Additionally, they have asked centralized exchanges to freeze deposits of TAIKO tokens until further notice. In an official statement, the team strongly urged all users to urgently withdraw funds from all bridges deployed on Taiko and published four attacker addresses for tracking fund movements.

Bridges have traditionally remained one of the most costly vulnerabilities in the cryptocurrency industry, and 2026 is no exception. According to DefiLlama, the number of hacks in June has already exceeded two dozen, highlighting a systemic security issue in cross-chain infrastructure.

My comment: The record number of hacks in such a short period is an alarming signal for the entire industry. The market is clearly overheated, and hackers are actively exploiting audit shortcomings and rushed launches. Investors should reassess their risks, especially when working with bridges, which remain the "Achilles' heel" of DeFi.