Taiko is a decentralized Ethereum scaling solution aiming to enhance transaction speed and reduce costs through a modular ZK-Rollup architecture.
Taiko has successfully reopened its cross-chain bridge, compensating all users affected by a recent $1.7 million exploit. The network endured an 11-day disruption while security enhancements were implemented.
Taiko's bridge and ERC20 Vault on Ethereum experienced a security breach, leading to the loss of approximately $1.7 million. The platform is now advising users to withdraw funds immediately.
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