Taiko reopens bridge after $1.7M exploit, says users made whole

Ethereum layer-2 blockchain Taiko reopened its bridge and restored full operations following an June 21 exploit that drained up to $1.7 million in crypto assets. The project completed a four-step recovery plan including security fixes, chain-state verification checks, replenishing the bridge with Ethereum-backed reserves, and introducing temporary withdrawal quotas as precautionary measures while users made whole.