Taiko: The attack path on June 21 has been blocked, and the network will be restarted in four steps

The Ethereum Layer2 project Taiko announced that the attack path that occurred on June 21 has been blocked, and the related fixes have been reviewed by independent security experts, ensuring that user funds will not suffer losses.

The team has developed a four-step restart plan: the first step is to deploy the fix and confirm the final state of the chain is correct, ensuring there are no forged checkpoints or claim paths that can be exploited by attackers, which will be reviewed by the Security Council; the second step is to replenish the cross-chain bridge funds, ensuring that L2 assets are fully backed 1:1, and that anyone can verify on-chain; the third step is to restore network operation, reopening transfer, exchange, and trading functions on L2; the fourth step is for the Security Council to submit a proposal to lift the suspension of the cross-chain bridge after confirming that the chain can achieve stable final confirmation and the network operates stably.

Users will then be free to transfer funds between Taiko and other chains, and the team will implement a conservative withdrawal limit as an additional safety measure, but it is expected that there will be no restrictions on users' normal asset transfers.

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