Taiko DAO Submits Contract Upgrade Proposal to Fix Cross-Chain Bridge Vulnerability
Taiko DAO has submitted Proposal No. 24 to the Security Committee, planning to upgrade four proxy contracts for the cross-chain bridge and ERC20 Vault on both Ethereum and Taiko chains, and to register a new resolver on L2. The involved contract code has been audited, and TAIKO holders can exercise their veto rights within approximately 10 days. The proposal includes: fixing known vulnerabilities, addressing delivery failures when tokens are first bridged to Ethereum from Taiko due to the L1 registry pointing to an outdated implementation, with related messages currently in a RETRIABLE state, ensuring fund safety but tokens not being credited, allowing retries after the upgrade; increasing the gas limit for forwarding ETH via the cross-chain bridge from 35,000 to 135,000 to avoid issues with smart contract wallets being unable to claim messages due to insufficient gas after the EIP-8037 upgrade; adding a single-signature cross-chain function for ERC20 tokens, supporting EIP-2612 and Uniswap Permit2, allowing users to avoid initiating separate authorization transactions.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

The Taiko network has resumed operation, and cross-chain bridge assets have been restored to full 1:1 support

Taiko: The attack path on June 21 has been blocked, and the network will be restarted in four steps

Taiko released a security incident update, initiated testing of the repair plan, and will complete full collateralization of bridging assets before the restart

Taiko updates on the theft progress, the cause of the attack has been identified, and they are cooperating with CEX and security companies to recover the stolen assets

Taiko has thoroughly identified the root cause of the attack incident and developed a remediation plan

Taiko ERC20 Vault was attacked, resulting in losses exceeding 1 million dollars

All Proposers of Taiko have suspended block production and are investigating the incident of the chain state verification mechanism being compromised

Boundless has released a project progress report, becoming the largest fully decentralized ZK Proof network at scale

LayerBank has completed a $2.3 million Pre-Seed funding round, with participation from Taiko and others.

Circle expands CCTP to EURC and cirBTC on Arc

FedNow readies cross-border support for U.S. banks

Bitcoin, Sports, and Politics: Predictive Markets Target $10 Trillion

Exclusive Interview with CK Zheng of ZX Squared Capital: How a Wall Street Risk Control Expert Accurately Grasped Market Trends and Outperformed Bitcoin Returns by Double

The End of the Blank Prompt: Why Trading AI Needs a Playbook

JR Kyushu Enters Financial Sector in Partnership with SBI, From Banking to Cryptocurrency

Bitcoin Pulls Back From $87,000| WEEX TradFi Daily Brief (September 24, 2026)
Bitcoin pulled back from about $87,000 to about $84,000, with Ethereum near $2,680. S&P Global PMI on September 23 ET far exceeded forecasts. The 10-year yield broke above 5.00%, while the 5-year and 30-year touched highs last seen in 2007 and 2004. The S&P 500 and Nasdaq slipped. Energy moved with oil and crypto-treasury stocks followed bitcoin lower. Investors await earnings from COST, BB, and others.

Cardano proposal slashes fees by 55%, but it comes with a cost for small pools

The Evolution of AI: The Boundaries and Truth of Recursive Self-Improvement (RSI)

US Bond Market 'Meltdown'... Why Are Interest Rates Soaring?

Coinbase plans post-quantum Bitcoin custody for any scheme

Treasury’s cash balance nears $1 trillion while Bitcoin awaits a crucial market signal

Aerodrome farming made up 90% of USDC transfers, analyst says

Nearly $20 million in XRP drained from 6,678 wallets across six attack waves

How often do major exchanges actually publish proof of reserves?

$1 billion in trading volume masks hidden liquidity risks for Coinbase stock token holders

The Quantum Issue: You Never Really Know The Future

Stablecoins hold nearly $200 billion in US debt, but money funds bought the surge

Blockchain.com and NYSE explore 24/7 trading of tokenized US stocks

Fed's Barr Warns Inflation Not Under Control, Additional Rate Hikes Needed









