TAIKO, the native token of the Ethereum-based rollup Taiko, has lost 11% of its value in the last 24 hours, underperforming compared to the broader crypto market. The bearish performance comes following an exploit of the protocol that resulted in a loss of $1.7 million. The technical indicators are extremely bearish, suggesting further losses for TAIKO in the near term. Rollup protocol halts operations after security breach Ethereum-based rollup Taiko has confirmed a compromise affecting its chain state verification system, prompting urgent warnings for users and a partial shutdown of network operations.
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