Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack
CoinDesk 2026-07-02 08:35:28
Context: Taiko's cross-chain bridge has been fully restored just 10 days after it was hacked for $1.7 million. The protocol underwent a multi-stage recovery process, which included an independent security review. The swift recovery and restored functionality have coincided with a significant surge in the value of Taiko's token.
Key Facts
- The Taiko cross-chain bridge was successfully restored and made fully operational again after a complex multi-stage recovery process that included an independent security review to identify and address vulnerabilities.
- The bridge was initially hacked for $1.7 million, resulting in a significant security concern for the protocol and its users.
- The TAIKO token has experienced a remarkable surge in value, rising as much as 136% in recent trading, likely in response to the successful bridge restoration and enhanced security measures.