Taiko said on July 2, 2026, through its official X account that bridge operations had resumed after a $1.7 million attack. The team also said users were made whole, making bridge recovery and user compensation the central update. Step 4 is done. The bridge is open. You can move funds to and from Taiko again.
The protocol completed a multi-stage recovery that included an independent security review. The TAIKO token has surged as much as 136% in recent trading.
Taiko's recovery highlights the critical need for robust security measures in cross-chain bridges to prevent future exploits and protect assets. Taiko reopens bridge after recovering from $1.7M exploit last month.
Taiko says its June 21 attack path is closed and plans a four-step restart after a bridge exploit raised safety concerns for users.
Reports say Taiko faced a $1.7M bridge-related exploit tied to verification issues, putting Ethereum L2 security back in focus.
Taiko urged users to withdraw from all bridges after a chain state verification compromise enabled unauthorized bridge withdrawals. Attackers used forged withdrawal proofs or messages that were accepted on Ethereum without matching legitimate activity on Taiko, draining up to $1.7 million.
Taiko is down. The Ethereum layer 2 network halted block production after hackers drained roughly $1.
The crypto Taiko is undergoing a major crisis after a hack causing approximately 1.7 million dollars in losses. The Ethereum layer 2 network has halted its block production and asks users to withdraw their funds from all its crypto bridges.
Ethereum scaling solution Taiko confirmed that its bridge source-signal proof validation mechanism was compromised, allowing hackers to bypass protocols and drain an estimated $1.7 million from its ERC-20 vault. Technical Flaw Leads to $1.7 Million Loss Ethereum scaling solution Taiko confirmed June 22 that its chain state verification mechanism had been compromised.
An attacker forged withdrawal proofs to drain about $1.7 million, the same flaw class behind this year's biggest bridge hacks. Fast containment kept the damage small.
Taiko faces a key test as it works to restore confidence following a high-profile security incident.
Taiko, an Ethereum layer-2 scaling solution, acknowledged a major security incident on Monday that enabled malicious actors to extract approximately $1.7 million from its bridge infrastructure. The development team has suspended block production and issued emergency warnings for users to remove their assets immediately.