Gm frENS, Happy Monday! It’s been an active weekend, here’s what’s happened.
Taiko state verification incident.
Ethereum native zkEVM scaling.
Validator reward redirect proposal.
MEV bot hacked in honeypot.
The trusted Ethereum news briefing since 2022, reaching 6,000+ audio subscribers, 4,000+ newsletter subscribers, and 26k+ combined social followers.
Want to reach the ETH Daily audience? Learn more at ethdaily.io/ads.
Taiko warned that the security assumptions of every bridge on its network can no longer be relied upon after an exploit drained its Ethereum ERC20 vault. Blockaid traced the attack to a flaw in the network's source-signal proof validation, where crafted proofs were accepted on Ethereum without a matching MessageSent event on Taiko. The team urged users to withdraw funds from all bridges deployed on the network while it investigates.
Mike Neuder argued that a native zkEVM's real unlock is scaling bandwidth, not just execution. In a research post, Neuder makes the case that validators could sample blocks inside blobs, letting the network raise data throughput rather than only verifying execution more cheaply. The argument leans on related work on blocks-in-blobs sampling and shorter slot times, and ties into the broader Glamsterdam research roadmap around ePBS and faster finality.
Kleros founder Clément Lesaege proposed letting validators redirect up to 10% of their staking rewards to ecosystem funding through two protocol-level signals. The design pairs a majority-triggered redirect rate, capped at 10%, with a king-of-the-hill splitter contract that converges on a Condorcet-winner funding target. The proposal drew early opposition from Protocol Guild's Trent van Epps, who called some tradeoffs disqualifying, and from Lefteris Karapetsas, who opposed it over cartel risk. It lands directly in the ongoing core dev funding debate and the wider Ethereum Foundation leadership story.
Blockaid flagged a honeypot that tricked the jared from subway MEV bot into token approvals later used to drain its funds, per a forensic breakdown by banteg. The bot, one of the most active sandwich attackers on Ethereum, granted approvals to a malicious contract that subsequently siphoned its holdings.
Give @ethdaily a follow on X for the latest news in Ethereum. Subscribe below!
Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created