Taiko Reopens Bridge After $1.7M Exploit, Confirms All Users Made Whole

Ethereum layer-2 blockchain Taiko has fully restored cross-chain bridge operations following a June exploit that drained up to $1.7 million in crypto assets, ending an 11-day network disruption.

Taiko announced on Thursday that users could once again move funds to and from the network after completing the final stage of a four-step recovery plan. The project confirmed that all affected users had been made whole and that the bridge’s asset backing had been restored to a 1:1 ratio with assets held on Ethereum.

Click here to read the full article →