Taiko Fully Restores Network After Bridge Exploit

Taiko Fully Restores Network After Bridge Exploit

Taiko reopened its bridge after a $1.7 million exploit, saying users were made whole and assets were restored to 1:1 backing.

Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack

The protocol completed a multi-stage recovery that included an independent security review. The TAIKO token has surged as much as 136% in recent trading.

Taiko reopened its Ethereum bridge after $1.7 million securi

🚨 Taiko fully reopened its Ethereum bridge and reimbursed all users after a $1.7 million hack. 💡 The service was suspended for 11 days while the team executed a four-phase recovery plan with new security checks. 📉 In $TAIKO, prices jumped to $0.35 on reopening news but soon d...

Taiko Reopens Bridge After $1.7M Exploit Hits 4,500 Users Over 11 Days

Taiko’s bridge is back online. The layer-2 protocol resumed operations after a $1.7 million exploit forced an 11-day shutdown —… Read the original on Taiko Reopens Bridge After $1.7M Exploit Hits 4,500 Users Over 11 Days. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Taiko Reopens Bridge After June $1.7 Million Exploit, Reimburses User

Taiko reopened its cross-chain bridge after moving through a four-stage recovery from a June 21 attack that drained roughly $1.7 million, letting users shift funds between its Ethereum layer-2 network and the Ethereum mainnet again and confirming that every bridged asset now holds full one-to-one backing. The reopening followed a week in which Taiko urged users to pull funds from every bridge on the network and paused its systems after confirmin…

Taiko Restores Bridge After $1.7M Exploit, Says Users Fully Made Whole

Ethereum layer-2 network Taiko has brought its bridge back online after an exploit on June 21 disrupted withdrawals and movement of funds. The protocol announced on Thursday that users can once again transfer assets to and from the network following completion of the last step in its multi-stage recovery process. Taiko said it has made affected users whole and that any remaining withdrawal limits are intended as temporary safeguards rather than …