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Thala Labs loses, then recovers, $25.5 million

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Original URL: https://web3isgoinggreat.com/single/thala-hack

A shape made from three arrows pointing inwards, followed by "Thala", all in white

The Thala Labs Aptos-based defi project suffered a $25.5 million theft when an attacker exploited a vulnerability in one of their smart contracts. They paused related smart contracts and froze tokens where they were able, ultimately freezing around $11.5 million in assets. After working with law enforcement and several blockchain security teams, they successfully negotiated the return of the assets, leaving the attacker with a "bounty" of $300,000.

Posted on:2024-11-24 18:21:39

Still in Beta stage. Source on GitHub.