PANews reported on June 25 that the Ethereum Layer 2 project Taiko released an update on the security incident, stating that this incident will not result in any loss of user funds. Currently, the bridged assets are undercollateralized. Additional collateral will be fully replenished before the bridge reopens, ensuring that every user's balance is 1:1 backed, exactly as it was before the incident. Cautious measures have been taken since the security incident occurred, including containing the impact, determining the cause of the incident, and working with the board to develop a plan to protect user assets.

Additionally, the Taiko CEO has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in tracing the responsible parties. Users currently do not need to take any action. At this stage, the completed fix is being tested, and the chain and bridge services will be reopened as soon as security is ensured. Users are also reminded to beware of scams. The Taiko team will not proactively send direct messages to users, and there is no claim or refund website. Any link offering such services is a scam.