Taiko reopens bridge after $1.7M exploit, says users made whole
Cointelegraph 2026-07-02 09:28:21
Context: Taiko, a blockchain platform, had to temporarily shut down its bridge due to a $1.7 million exploit. The incident led to an 11-day network disruption, but the company has since taken steps to rectify the situation. The bridge has now been reopened, and users have reportedly been made whole.
Key Facts
- The bridge was reopened after Taiko replenished the asset backing and completed necessary security fixes, allowing for the resumption of transfers.
- The exploit resulted in a loss of $1.7 million, prompting the temporary shutdown of the bridge.
- The network disruption lasted for 11 days, but Taiko has ensured that users have been made whole, implying that affected parties have been compensated or restored to their previous state.