Taiko: Attack Vector Mitigated, Network to Be Restarted in Four Phases

BlockBeats News, June 29th, Taiko announced that the attack vector that occurred on June 21st has been mitigated. The related fix has been reviewed by an independent security expert, ensuring no loss of user funds. The team has devised a four-step reboot plan:

Step 1: Deploy the fix and validate the final state of the chain to ensure no forged checkpoints or attackable claim paths exist. This will be audited by the Security Council.
Step 2: Replenish cross-chain bridge funds to guarantee a 1:1 full backing of L2 assets, with the ability for anyone to verify on-chain.
Step 3: Restore network operations, re-enable transfers, swaps, and trading functions on L2.
Step 4: Once the chain's stability and network operation are confirmed, the Security Council will submit a proposal to lift the cross-chain bridge suspension.

Users will then be able to freely transfer funds between Taiko and other chains. The team will implement conservative withdrawal limits as an additional security measure, but it is expected not to restrict normal asset transfers by users.