[Taiko Releases Security Incident Update: Initiates Repair Plan Testing, Full Collateralization of Bridged Assets to Be Completed Before Restart] Ethereum Layer 2 project Taiko has released the latest update on the security incident, stating that the incident will not result in any user fund losses. Currently, bridged assets are in a state of insufficient collateralization. Full collateral replenishment will be completed before the bridge reopens to ensure that every user's balance is supported 1:1, exactly as it was before the incident occurred. Since the security incident, cautious measures have been taken, including controlling the scope of impact, identifying the cause of the incident, and collaborating with the board to develop a plan to protect user assets. Additionally, Taiko's CEO has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in tracing the responsible parties.