Decentralized finance company Thala Labs recovers $25.5 million worth of liquidity pool tokens

ChainCatcher news, Thala Labs announced that it has successfully recovered $25.5 million in liquidity pool tokens that were stolen in a previous hacking attack. These tokens were stolen due to an "isolated vulnerability" in its v1 mining contract.

Thala stated that the security breach occurred on November 15, when hackers exploited the vulnerability to extract liquidity tokens. After the incident, Thala immediately suspended all related contracts and froze $11.5 million worth of Thala-related assets, while quickly identifying the hacker.

Thala said: "With the assistance of law enforcement, Seal 911, and Ogle, we were able to quickly confirm the identity of the attacker. Affected users do not need to take further action, as their assets will be 100% compensated." According to crypto detective Ogle, the hacker returned all funds six hours after the incident. Thala revealed that to ensure the complete return of user assets, the hacker was allowed to collect a $300,000 bounty. Specific information about the attacker's identity has not been disclosed.

Access to Thala's front end has been restored. However, mining remains suspended, and users cannot stake or unstake until Thala conducts a "comprehensive review" and re-audit of the protocol's codebase.