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Taiko update on the theft progress: the attack cause has been identified, and we are working with CEX and security companies to recover the stolen assets.

MarsBitNews
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Mars Finance News, Taiko officials posted on X: "We have identified the root cause of this attack and are currently developing a fix patch to restore the blockchain's online operation as soon as possible. At the same time, 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 the upcoming update. To focus on fixing the vulnerabilities and protecting user assets, we will pause updates for a few hours." Previously, it was reported that the Taiko cross-chain bridge was attacked, with losses potentially reaching up to $1.7 million.
TAIKO-8.63%
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