Taiko reopens bridge after $1.7M exploit, says users made whole
Taiko reopened its Ethereum bridge and returned to full operation after an exploit on June 21 drained up to $1.7 million. The network was down for 11 days while security fixes were deployed, forged proofs were blocked, and bridge backing was restored to 1:1. Taiko said all affected users were reimbursed and only temporary withdrawal limits remain as a precaution. The attack targeted Taiko’s chain-state verification system, letting an attacker submit forged proofs and make unauthorized withdrawals from the Ethereum vault. After the bridge reopened, TAIKO briefly rose to around $0.35 before falling back near $0.14. Taiko said a full postmortem will be released, but it has not said how backing was restored or whether stolen funds were recovered.
