Taiko reopens bridge after $1.7M exploit, says users made whole

Taiko restored bridge transfers after replenishing asset backing and completing security fixes following an 11-day network disruption.

Ethereum layer-2 blockchain Taiko reopened its bridge and restored full operations after a June exploit drained up to $1.7 million.&

On Thursday, Taiko announced that users could once again move funds to and from the network after completing the final stage of its four-step recovery plan. The project said it had made all victimized users whole and that any remaining withdrawal limits are temporary safeguards that do not affect normal usage.&

The reopening ends an 11-day disruption following the implementation of security fixes and the restoration of the bridge's 1:1 backing.

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