Taiko Updates on Theft Investigation: Root Cause Identified, Cooperating with CEX and Security Firms to Recover Funds

Odaily Taiko officially posted on X, stating: "We have identified the root cause of the attack and are currently developing a fix patch to restore the blockchain's online operation as soon as possible. Meanwhile, we are working closely with major exchanges and security partners to track and freeze the hacker's assets. The remaining funds in the cross-chain bridge are currently safe, and we will announce the next steps in an upcoming update. To focus on fixing the vulnerability and protecting user assets, we will pause updates for a few hours."

Previously, Taiko's cross-chain bridge was attacked, with potential losses reaching up to $1.7 million.