Taiko releases security incident update, confirms no loss of user funds and promises to complete full asset collateral

Taiko has released a security incident update, confirming that there has been no loss of user funds. Currently, the bridge assets are in a state of insufficient collateral, and all supplementary collateral will be completed before the bridge reopens to ensure that user balances receive 1:1 support. Taiko CEO has submitted a formal report to the relevant departments in Singapore, and the team is cooperating to investigate the responsible parties.