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Taiko Outlines Four-Phase Recovery Following Bridge Exploit

Following a June 21 security breach that compromised its chain-state verification, the Taiko layer-2 network is preparing a phased return to operations. The project confirmed that the specific attack path has been closed and verified by independent security experts, with a recovery strategy designed to prevent any loss of user funds.

Taiko Outlines Four-Phase Recovery Following Bridge Exploit

The recovery process begins with the deployment of security patches to finalize the chain’s state, ensuring that no forged checkpoints or attacker-controlled claims remain active. Once the network’s integrity is verified, the team will move to replenish the bridge vault, guaranteeing that all L2 assets are backed on a 1:1 basis. This step serves as a critical measure to restore user confidence in the protocol's liquidity.

Following the financial stabilization of the bridge, Taiko will restore standard network activity, including swaps and transfers. The final phase involves reopening bridge operations under conservative withdrawal quotas, which will act as a safeguard while the team monitors the chain for stability. The Security Council will oversee these actions, including the formal proposal to lift the current pause on bridge withdrawals. Throughout this transition, the team has cautioned users to remain vigilant against phishing attempts, emphasizing that no official claim sites exist and that support representatives will not initiate direct contact regarding account recovery.

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