Taiko said it has blocked the attack path involved in an incident on June 21 and that related fixes have been reviewed by independent security experts, adding that user funds will not suffer losses. According to Foresight News, the team has set a four-step restart plan tied to restoring network functions and lifting the cross-chain bridge suspension.
First, Taiko plans to deploy the fixes and confirm the chain’s final state is correct, ensuring there are no forged checkpoints or claim paths that attackers could exploit; this step will be reviewed by the Security Council. Second, it will replenish cross-chain bridge funds to ensure L2 assets are fully backed 1:1 and can be verified on-chain by anyone.
Third, Taiko will resume network operations and reopen L2 transfer, swap, and trading functions. Fourth, after confirming the chain can finalize stably and the network is operating steadily, the Security Council will submit a proposal to lift the cross-chain bridge pause, allowing users to move funds freely between Taiko and other chains.
Taiko said it will apply conservative withdrawal limits as an additional safety measure, but expects this will not restrict normal user asset transfers.
Catherine