Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack

Markets Taiko fully restores cross-chain bridge just 10 days after a $1.7 million hack 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. By Omkar Godbole | Edited by Jamie Crawley Jul 2, 2026, 8:35 a.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on (Richard Balog/Unsplash) Summary Show Taiko has reopened its Ethereum layer-2 cross-chain bridge just 10 days after a $1.7 million exploit. The protocol completed a multi-stage recovery that included an independent security review. All affected users have been made whole, the protocol said. Ethereum layer-2 scaling network Taiko’s cross-chain bridge is back online, just 10 days after the June 22 hack. The protocol halted operations after the attack , which stemmed from a compromised SGX signing key mistakenly exposed on GitHub. The flaw enabled an attacker to forge withdrawal proofs, draining roughly $1.7 million from the bridge and ERC20 Vault contracts. Bridge exploits involving exposed keys remain a persistent challenge in crypto, with hundreds of millions lost industry-wide in 2026. However, Taiko’s quick recovery stands out, with every user made whole in less than two weeks. "The bridge is open," Taiko announced on X on Thursday. "You can move funds to and from Taiko again. Our response is complete: the network is fully restored and every user is whole. Any limits in place won't affect normal use. A reminder: we'll never DM you first, and there's no claim site. Only trust this account," it added, promising to publish a full post-mortem of the incident soon. Taiko’s restoration of the bridge is the result of a multi-stage recovery that involved patching the vulnerability, replenishing bridge reserves to full 1:1 backing, restoring layer-2 network activity, and subjecting the fix to an independent security review. The bridge has been reopened under conservative withdrawal quotas to ensure stability. The crypto market is cheering the swift resolution. The TAIKO token has surged as much as 136% in recent trading , reflecting strong relief among holders after the protocol demonstrated effective containment and full user protection. Markets Hack Latest Crypto News 1 XRP edges higher as whale activity rises while retail traders stay cautious 2 hours ago 2 Bitcoin's long-term holders have returned to accumulation 2 hours ago 3 FBI Director Kash Patel caught sleeping on required disclosure of six-figure MSTR investment: Report 3 hours ago 4 Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000 3 hours ago 5 Ethereum Institutional launch draws support from across the Ethereum ecosystem 11 hours ago 6 Robinhood rolls out public blockchain as it expands deeper into crypto 14 hours ago 7 Ethereum Foundation lays out use cases for governments, institutions in new policy guide 14 hours ago 8 Jefferies warns against buying the dip in Circle as Open USD raises new competition fears 16 hours ago 9 Cantor says bitcoin bear market may be entering final stretch 17 hours ago 10 Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case 17 hours ago Latest Research Building the Zcash Machine: Tachyon and Quantum Readiness Building the Zcash Machine: Tachyon and Quantum Readiness Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. By CoinDesk Research Jun 30, 2026 Commissioned by GenZcash Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters : Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. View Full Report More From Markets XRP edges higher as whale activity rises while retail traders stay cautious Bitcoin's long-term holders have returned to accumulation Ether, solana, dogecoin in the green after Warsh comments push bitcoin above $60,000