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DeFi exploit wave 2026Update 8 of 24
Taiko Bridge Exploit Costs $1.7M

Taiko Chain Proof-of-State Mechanism Compromised; $1.7M Lost in Bridge Exploit

Perp DEXJun 22, 2026

A relentless wave of DeFi exploits—spanning smart contracts, bridges, oracles, and MEV bots—is draining hundreds of millions and pushing 2026 toward record hack losses.

Taiko's Proof-of-State verification mechanism was compromised, with PeckShield confirming approximately $1.7 million in losses from the exploit. Users were advised to immediately withdraw funds from Taiko's cross-chain bridge, and the incident was counted among more than 20 crypto hacks recorded in June 2026.

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