[Taiko Update on Stolen Funds: Attack Cause Identified, Collaborating with CEXs and Security Firms for Asset Recovery] Odaily Planet Daily News – Taiko officials posted on X: 'We have identified the root cause of this attack and are currently developing a patch to restore the blockchain's online operations as soon as possible. At the same time, we are working closely with major exchanges and security partners to track and freeze the hacker's assets. The remaining funds in the cross-chain bridge are currently secure, and we will announce the next steps in upcoming updates. To focus on fixing the vulnerability and protecting user assets, we will pause updates for a few hours.' Earlier reports indicated that Taiko's cross-chain bridge was attacked, with losses potentially reaching up to $1.7 million.