Ethereum Layer 2 project Taiko has reopened its cross-chain bridge after an exploit totaling approximately $1.7 million caused an 11-day network disruption. The team replenished asset backing and completed security fixes, ensuring all user funds are fully restored.
Incident Overview
Ethereum Layer 2 project Taiko has resumed bridge transfers after suffering an exploit of roughly $1.7 million, which led to an 11-day network outage. The team replenished asset backing and applied security fixes to fully restore service. All affected users have been made whole. The attack occurred in late June, forcing Taiko to halt bridge functionality to contain losses. After emergency remediation, the bridge is now operational again.
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