Taiko has thoroughly identified the root cause of the attack incident and developed a remediation plan
Taiko official announcement, the root cause of the attack has been thoroughly investigated, and the team has developed a remediation plan to safely restore blockchain operations in the coming days.
Priority will be given to addressing the issues of affected users, and discussions will be held with the DAO council to explore the best solutions. Yesterday, Taiko's ERC20 Vault on Ethereum was attacked, resulting in losses exceeding 1 million dollars.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Taiko Proposal 39 Completed, Supporting Permit and Permit2

LayerZero Stops Providing Off-Chain Services for 13 Low-Activity Blockchains

Taiko DAO Submits Contract Upgrade Proposal to Fix Cross-Chain Bridge Vulnerability

The Taiko network has resumed operation, and cross-chain bridge assets have been restored to full 1:1 support

Taiko: The attack path on June 21 has been blocked, and the network will be restarted in four steps

Taiko released a security incident update, initiated testing of the repair plan, and will complete full collateralization of bridging assets before the restart

Taiko updates on the theft progress, the cause of the attack has been identified, and they are cooperating with CEX and security companies to recover the stolen assets

Taiko ERC20 Vault was attacked, resulting in losses exceeding 1 million dollars

All Proposers of Taiko have suspended block production and are investigating the incident of the chain state verification mechanism being compromised

Boundless has released a project progress report, becoming the largest fully decentralized ZK Proof network at scale

LayerBank has completed a $2.3 million Pre-Seed funding round, with participation from Taiko and others.

Cardano shifts $26M to USDCx as bridge controls freeze payouts

VC Bets, But Can Multiliquid Truly Become the RWA Version of Curve?

After StandX's Exit, Reviewing 9 Potential "Opportunities" in the Perp DEX Space

Court Blocks Stock Delisting Due to 'Procedural Violations'... Will It Apply to Coins? "It's Just Talk Until the Basic Law Comes Out"

The Treasury surprised with a debt buyback and the BCRA accelerated dollar accumulation: what it means for interest rates

Park Se-yong, Co-founder of Fomo: "The Era of Trading All Assets in One App is Coming"

This Week's Macroeconomic Highlights: Fed's October Rate Hike Pause Expectations Rise, AI Sector Faces Divergence and Credit Risk Challenges

唐华斑竹 Analyzes the Current State of the Crypto Market, Advises Caution

U.S. Treasury Department's Survey Fails to Signal Debt Reduction, Bond Yields Rise with 10-Year Yield Back Above 5.12%

Unbanked, listed on the Tokyo Stock Exchange, discontinues cryptocurrency business for gold price-linked token 'Kinka' due to profitability issues

Safe crypto storage: where is the safest place to store cryptocurrency

Cardano governance hits a wall as treasury reaches 91% cap

The RWA market on Solana grew from USD 700 million to USD 4.3 billion in one year

New whales boost Bitcoin after bear market, says Spanish analyst

Stablecoin remittances show 84% cost gap, but payout reliability varies

Stablecoins: Mastercard and BVNK Launch Fiat and Crypto Account, Stripe Targets 100 Countries with Its Cards

How to Manage a Channel When Cryptocurrency Advertising is Banned in 2026

The session to annul the DNU allowing bitcoin contracts in Argentina failed










