Taiko Says Network Restored With No User Fund Losses, Cross-Chain Reopening Pending

Taiko said its network has returned online and that no users lost funds. According to Foresight News, the team said it has completed the second and third phases of its recovery plan. Taiko stated that cross-chain assets have been matched on a 1:1 basis, fully corresponding to assets on the Ethereum mainnet. It added that users can now transfer, swap, and trade normally. The project said the only remaining step is to reopen cross-chain functionality with the Ethereum mainnet. Taiko said this step is close to completion and that user funds will remain safe during the process.