Taiko publishes security incident update: launching fix testing, will fully collateralize bridged assets before reopening

Odaily Planet Daily reports that Ethereum Layer 2 project Taiko has released the latest progress on the security incident, stating that this incident will not result in any user fund losses. Currently, bridged assets are in a state of under-collateralization. Full supplementary collateral will be completed before the bridge is reopened to ensure that each user's balance is supported on a 1:1 basis, exactly as before the incident. Since the security incident occurred, cautious measures have been taken, including controlling the scope of impact, determining the cause of the incident, and collaborating with the board to formulate plans to protect user assets.

Additionally, the CEO of Taiko has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in pursuing the responsible parties. Users do not need to take any action at the moment. The completed fix is currently being tested, and the chain and bridging services will be reopened as soon as safety is ensured. At the same time, users are reminded to be cautious of scams. The Taiko team will not proactively message users, and there are no claim or refund websites. Any links offering such services are scams.