Taiko identifies cause of $1M exploit, plans to restart chain in days

Ethereum Layer 2 project Taiko (TAIKO) announced on X that it has identified the root cause of a $1 million exploit that occurred in its Vault yesterday. While the project did not disclose the specific cause, it stated that it plans to restart the chain within a few days. Taiko added that it is prioritizing affected users and working with its DAO board to determine the best course of action.