According to ChainCatcher, the Taiko team has published an update on X regarding the attack on its cross-chain bridge. The official statement indicates that the root cause of the exploit has been identified, and a repair patch is currently being developed to restore the blockchain's online operation as soon as possible.
In addition, Taiko is collaborating closely with major exchanges and security partners to track and freeze the hacker's assets. The team emphasized that the remaining funds in the cross-chain bridge are safe, and further details on next steps will be released in subsequent updates. To concentrate on fixing the vulnerability and protecting user assets, updates will be suspended for a few hours.
Earlier reports stated that the Taiko cross-chain bridge suffered an exploit, with potential losses reaching up to $1.7 million. This latest announcement confirms the incident and outlines the response measures, reflecting the team's proactive approach in handling the security crisis.