Taiko Cross Bridge is back in operation and restarted 10 days after the hacker incident

Taiko has reopened the Trans-Cyber Bridge service about 10 days after the June 22 attack. According to the parties, the rehabilitation process has been completed, the affected users have been compensated and the network has returned to normal operation.

The attack originated in a key leak.

The central issue of this event is that the signature key for SGX was erroneously disclosed on GitHub. The attackers subsequently forged a withdrawal certificate to transfer approximately $1.7 million of assets from the Trans-Cyber Bridge and the ERC20Vault contract.

After the incident, Taiko suspended services and initiated a phased recovery process. According to the parties to the agreement, the current repairs have covered gaps, bridge storage and network functional restoration.

Independent security review completed

Taiko states that an independent security review was completed prior to the restoration of the bridge and that the inside of the bridge was restored to a support state of 1:1. The agreement also states that all affected users have been fully compensated.

At present, while the cross-chain bridge has been reopened, withdrawals are still subject to more conservative limits to ensure the stability of the system ' s operations. Taiko wrote on platform X that the existing restrictions would not affect normal use and reminded users to obtain information only through official accounts and that there was no separate claim website.

There was a 136% increase in TAIKO tokens.

The market responded positively to this quick fix. CoinDesk reported that TAIKO tokens had increased by 136 per cent in recent transactions, indicating that the holder had reacted strongly to the progress of the agreement to complete the cessation of losses, the payment of compensation and the resumption of operations.

The attacks resulting from the exposure of the cross-chain key have not been uncommon in recent years in the encryption industry and the associated losses have accumulated to hundreds of millions of dollars. By contrast, Taiko completed the repairs and paid all users within two weeks, which was the most significant development in the incident.

Additional information:Taiko stated that the full report of the attack would be published in follow-up.