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Taiko resumes bridge after $1.7 million exploit, says it reimbursed users in full

Ethereum layer2 Taiko has resumed a bridge it halted after a $1.7 million exploit and normalised network operations 11 days later. It reopened cross-network fund transfers after replenishing asset collateral and completing security fixes. Taiko said it finished the final step of a four-stage recovery plan and that users can again move funds in and out of the network. It said losses suffered by affected users were fully reimbursed.