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Taiko restores its cross-chain bridge 10 days after a $1.7M hack, fully compensating users.

Protocol Fundamentals
02 Jul 2026
Coindesk
View Source
Bullish
pluang ai news

Taiko, an Ethereum layer-2 scaling network, has fully restored its cross-chain bridge just 10 days after a $1.7 million hack caused by a compromised SGX signing key exposed on GitHub. The exploit allowed attackers to forge withdrawal proofs and drain funds, but Taiko completed a multi-stage recovery including patching the vulnerability, replenishing reserves, and an independent security review. All affected users have been compensated in full, and the bridge reopened with conservative withdrawal limits to ensure stability. The swift recovery boosted confidence, with the TAIKO token surging up to 136% in recent trading.

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