Taiko reopened its bridge after a $1.7 million exploit, saying users were made whole and assets were restored to 1:1 backing.

Taiko has reopened its Ethereum Layer 2 bridge after recovering from a $1.7M exploit in June, confirming full 1:1 asset backing and no user fund losses.

The protocol completed a multi-stage recovery that included an independent security review. The TAIKO token has surged as much as 136% in recent trading.

Taiko reopened its bridge after a $1.7 million exploit, saying users were made whole and assets were restored to 1:1 backing.