On June 23, Taiko official posted on X regarding the cross-chain bridge attack. They stated: "We have identified the root cause of the attack and are currently developing a fix to restore the blockchain online as soon as possible. At the same time, we are cooperating with major exchanges and security partners to track and freeze the hacker's assets. The remaining funds in the cross-chain bridge are safe. We will announce the next steps in an upcoming update. To focus on fixing the vulnerability and protecting user assets, we will suspend updates for a few hours."
Earlier reports indicated that the Taiko cross-chain bridge was attacked, with potential losses up to $1.7 million.
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