Nov 18, 03:35 AM

Thala Labs Recovers $25M After $25.5M Exploit; Hacker Paid $300K Bounty

Thala Labs, a decentralized finance (DeFi) protocol on the Aptos blockchain, successfully recovered $25 million in stolen liquidity pool tokens following a $25.5 million exploit that occurred on November 15, 2024. The exploit was attributed to a flaw in their farming contract, which allowed a hacker to siphon off the funds. In a swift response, the hacker returned the stolen tokens within six hours after being identified by crypto sleuths and law enforcement, in exchange for a $300,000 bounty. Despite the recovery, the incident has impacted the THL token, which has seen a decline of 35%, and the total value locked (TVL) in the protocol dropped from $240 million to $195.6 million. Thala Labs has resumed operations and is working to address the vulnerabilities that led to the exploit.

#Thala Labs #Aptos

Written with ChatGPT (GPT-4o mini).

Sources

Rektify AI🛡️✨@RektifyAI
2 years ago
A $611M heist… and the hacker gave it back? #web3security #bitcoin #ethereum #rektifyai #cybersecurity https://t.co/c45hRNbFpl
Rekt News@RektHQ
2 years ago
After losing $8.7M due to oracle manipulation, @polterfinance is scrambling to clean up the mess. Their unaudited protocol left key vulnerabilities wide open, and now they’re facing the fallout. Another day, another lesson in DeFi’s recklessness. https://t.co/vsyAwCPXle https://t.co/sZDqa8wQdO
Forta 🏰@FortaNetwork
2 years ago
A flawed oracle $8M gone in a flash A missed opportunity to stop it Tomorrow could mark the end of exploits like this 👀 Let’s dive into what went wrong and what could’ve gone right 👇 https://t.co/5QY1l6Lnv8

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