Taiko reopens bridge after $1.7M exploit, says users made whole
Taiko restored bridge transfers after replenishing asset backing and completing security fixes following an 11-day network disruption.
Ethereum layer-2 blockchain Taiko reopened its bridge and restored full operations after a June exploit drained up to $1.7 million.
On Thursday, Taiko announced that users could once again move funds to and from the network after completing the final stage of its four-step recovery plan. The project said it had made all affected users whole and that any remaining withdrawal limits are temporary safeguards that do not affect normal usage.
The reopening ends an 11-day disruption following the implementation of security fixes and the restoration of the bridge’s 1:1 backing.
