SIGNAL OF THE DAY: $TAIKO
Taiko got exploited, crashed, and the team reopened the bridge and told everyone funds were safe. The price kept falling anyway.
· Signal: 98
Down 34%, but is this a dip to buy or a trap to avoid?"
$TAIKO · $0.1289 · Long Liquidation Cascade
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🚨 MistTrack Illicit Fund Analysis — Taiko Exploit 🕵️
On June 22, 2026, the Taiko protocol was exploited. Stolen funds were distributed across multiple attacker-controlled addresses.
The main attacker EOA 0x7506DeA0c38ca0B55364B22424374c5A1ae1B76a received various ERC-20 tokens (USDC, USDT, crvUSD, CRV, WBTC, wEETH, TAIKO, iZi) and quickly swapped most non-native assets for ETH via DEXs, accumulating ~615 ETH. Separately, 277.97 ETH was bridged out directly.
Total stolen: ≈ $1.74M (at incident-time prices).
✅ 777.977 ETH (~$1.35M) moved to:
0xa98035081fb739ebe9c8f80904668fb11438a846
✅ 1.99M TAIKO (~$194K) deposited to MEXC via:
0x5FBc60A12Bc6635E7d587d8DaC52e4b1388b4990
⚠️ Attacker EOA still holds: 117 ETH + 2.14M iZi + 0.531 wEETH
Key address to monitor:
0xa98035081fb739ebe9c8f80904668fb11438a846
We have blacklisted the related addresses and are actively monitoring them.
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As part of streamlining our SolvBTC ecosystem, we’re sunsetting bridging support for multiple lower-usage chains and strategies.
Affected chains include: → Merlin, Taiko, Mode, Sonic, Corn, Soneium, Berachain, Linea, Rootstock, Polygon, Movement, zkSync Era, HyperEVM, TAC, + related variants.
⚠️Bridging for these will be disabled by end of June.⚠️
If you hold SolvBTC on any of these, please bridge back to our maintained chains (BTC Mainnet, BNB, ETH, Base, Ink, Solana, Starknet, Stellar, XLayer) before the deadline.
We’re focusing resources on high-liquidity chains and core strategies to deliver better security, deeper integrations, and sustained performance for SolvBTC, xSolvBTC, and BTC+.
Full related questions, feel free to submit a ticket to our discord.
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