Svmuu News: Taiko officials posted on X, stating: “We have identified the root cause of this attack and are currently developing a patch to restore the blockchain to 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 secure, and we will announce our next steps in an upcoming update. To focus on fixing the vulnerability and protecting user assets, we will suspend 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.