Taiko.eth 🥁 (@taikoxyz) “An update on the June 21 security incident. First, the most important thing: no” — TopicDigg

An update on the June 21 security incident. First, the most important thing: no user will lose funds because of this incident. The bridge is currently undercollateralized, and we will fully recollateralize it before it reopens, so every balance is backed 1:1, exactly what you had. This is the result of the careful, deliberate steps we've taken from the start: containing the incident, identifying how it happened, and working with our board on the right way to protect users. Our CEO has also filed a formal report with the Singapore authorities, and we'll give our full support to pursuing those responsible. You don't need to do anything right now. We're currently testing the repairs we've made, and we're one step closer to safely reopening the chain and bridge very soon. Everything will be communicated only through our official channels, and the full technical detail will follow in our post-mortem. Be careful of scams: we'll never DM you first, and there's no claim or refund site, so anyone offering one is fake.