Taiko Urges Users to Withdraw Funds After Chain State Verification Compromise

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 22 2026

ETH+3.222%

ARB+1.641%

TAIKO+1.48%

Explore Agentic TradingLet AI Trade for You

Security Breach Alert: Taiko has confirmed a compromise of its chain state verification mechanism, prompting an immediate withdrawal notice for users from all deployed bridges, with PeckShield estimating the exploit's loss at approximately $1.7 million, indicating that the project's security assumptions can no longer be trusted.
Funds Transfer Situation: The exploiter has transferred 1.99 million TAIKO, worth about $189,120, to MEXC exchange, raising immediate market concerns regarding liquidation and laundering, which could further exacerbate market pressure.
Emergency Response Measures: The Taiko team is coordinating with its Security Council and ecosystem partners to pause affected systems and pursue technical and legal actions, demonstrating its commitment to addressing the incident effectively.
Bridge Security Risks: The reliance of bridge systems on chain state verification means that the existence of this vulnerability poses a threat to the safety of multiple bridge systems, with Taiko's warning highlighting the fragility of this trust layer, potentially impacting the stability of the entire ecosystem.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like ETH with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1209.217	1360.608	1497.137	1648.528	1785.057	1936.448	2072.977
Fibonacci	1360.608	1470.594	1538.543	1648.528	1758.514	1826.463	1936.448

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on ETH?

Get Started Free