Taiko has successfully blocked the attack vector identified on June 21 and is set to restart its network operations in a structured four-phase process. The fixes have been reviewed by independent security experts, ensuring the integrity of the network. The first phase involves deploying these fixes and confirming the chain's final state to prevent any forged checkpoints or claims by attackers.
In the subsequent phases, Taiko will replenish bridge funds to maintain a 1:1 on-chain reserve backing for all Layer 2 assets. Following this, Layer 2 transfer, swap, and trading functions will be restored. Finally, after confirming chain finality and network stability, the Security Council will propose lifting the bridge suspension, with conservative withdrawal limits as an additional safeguard. Taiko assures users that there will be no loss of funds.
Taiko Blocks Attack Path, Plans Four-Phase Network Restart
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