Ethereum Layer 2 project Taiko has issued an update regarding a recent security incident, assuring users that no funds will be lost. The project is currently addressing undercollateralized bridged assets, with plans to fully replenish collateral before reopening the bridge. This will ensure all user balances are 1:1 backed as before the incident. Taiko has taken several measures, including containing the incident's impact, identifying its cause, and collaborating with the board to safeguard user assets. A formal report has been submitted to Singaporean authorities, and the team is cooperating to trace those responsible. Users are advised to remain vigilant against scams, as Taiko will not send direct messages or offer claims through websites. The fix is under testing, and services will resume once security is confirmed.