Thala DeFi Hack Recovers $25M After Bounty Negotiation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 18 2024Thala DeFi Hack Overview: Thala experienced a $25 million loss due to a hack targeting its V1 liquidity pool, prompting immediate action to pause contracts and freeze assets to mitigate further losses.
Recovery Efforts: The stolen assets were fully recovered with the help of law enforcement and a $300k bounty offered to the attacker, while Thala assured users that their positions remained safe and would be restored.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
