Taiko: $1.7M Exploit Confirmed on Chain Verification

Taiko suffered a $1.7M exploit after its chain state verification mechanism was compromised, with the attacker already routing 1.99M TAIKO worth roughly $189K to MEXC.

Official statements from the project confirm that all bridges on Taiko can no longer be trusted and instruct users to withdraw funds at once while the Security Council works to contain the breach.

Price action on the 4h chart shows TAIKO holding at $0.09 with EMA50 acting as immediate support and EMA200 at $0.1 capping upside; the MACD golden cross keeps the broader structure bullish while neutral RSI at 54.31 and price inside the Bollinger Bands point to limited volatility until a decisive break of the $0.09 upper band resistance.