Morning Edition · Thursday, July 2, 2026
Taiko Restores Bridge After Key-Leak Hack as a Tokenized-Stock Market Is Drained by Oracle Manipulation
An Ethereum layer-2 recovered $1.7 million in forged withdrawals traced to a signing key committed to a public repository, while an attacker inflated a tokenized Google share to borrow real assets.
Taiko, an Ethereum layer-2 network, brought its cross-chain bridge fully back online ten days after an exploit that stole about $1.7 million, and completed the restoration with an independent security review and a Security Council sign-off,…
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Part of a tracked trend
Bridge and Mint Exploits Sustain Heavy DeFi Losses
Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.
More from this edition
- Solana Turns On Stake-Weighted Governance, and Sets the Entry Price at 100,000 SOL
- Ethereum Foundation Pitches the Chain as Neutral Public Infrastructure as Researchers Tune the Next Upgrade
- Privacy Chains Reframe Confidentiality as a Requirement for Serious On-Chain Use
- Standard Chartered and Circle Open Bank-Run Minting of USD Coin for Institutions
- Coinbase Backs a USD Coin Rival, and Circle's Chief Says Network Effects Decide the Fight
- Bitcoin Treasury Strategies Diverge as One US Firm Liquidates Every Coin
- Moody's Warns Quantum Computing Raises the Urgency of Rebuilding Crypto's Cryptography
- Binance Clears a Path Back Into the Philippines Through a Regulatory Sandbox
- US Crypto Rulemaking Turns Personal as Lummis and Warren Clash Over the Clarity Act
- OpenAI Is Said to Weigh Giving the US Government a 5% Stake
- HashKey Capital and Bitmain Launch a Bitcoin-Denominated Hashrate Fund