Taiko announced the full restoration of its network, completing phases 2 and 3 of recovery. All cross-chain assets are now 1:1 matched with Ethereum mainnet assets, allowing users to transfer, swap, and trade normally. The only remaining step is reopening cross-chain functionality with Ethereum mainnet, which the team says is imminent. No user funds were lost during the incident.
Taiko Network Recovery Progress
Taiko announced via X that its network has been restored online with zero user fund loss. The team has completed phase 2 and phase 3 recovery: cross-chain assets are now fully matched 1:1 with Ethereum mainnet assets. Users can now transfer, swap, and trade normally.
Remaining Steps and Fund Safety
The only remaining step is to reopen the cross-chain bridge to Ethereum mainnet. The team expects this to be completed soon, and user funds remain secure in the meantime.
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