Taiko Restores Cross-Chain Bridge 10 Days After $1.7M Hack

Ethereum layer-2 scaling network Taiko has fully restored its cross-chain bridge just 10 days after a $1.7 million hack.

The protocol halted operations on June 22 after an attacker exploited a compromised SGX signing key that had been mistakenly exposed on GitHub. The flaw allowed the attacker to forge withdrawal proofs, draining approximately $1.7 million from the bridge and ERC20 Vault contracts. Taiko announced on Thursday via X that the bridge is now open, enabling users to move funds to and from the network again.

Bridge exploits involving exposed keys remain a persistent challenge in the crypto industry, with hundreds of millions of dollars lost across various protocols in 2026. However, Taiko's quick recovery stands out, as every affected user has been made whole in less than two weeks. This incident highlights the importance of secure key management for layer-2 networks and cross-chain infrastructure. Traders monitoring such events can track the impact on token prices and network activity using NowPrice's live crypto dashboard.

Looking ahead, Taiko's swift remediation may help restore user confidence in the network. The broader crypto community will be watching for any additional security measures the team implements to prevent future breaches. Similar exploits have historically led to increased scrutiny of SGX-based security models, and other protocols may review their own key management practices as a result.