Thala recovers $25.5M in crypto caused by v1 farming vulnerability
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Thala Labs Security Breach: Thala Labs recovered $25.5 million in stolen liquidity pool tokens after a hacker exploited a vulnerability in its farming contracts, with law enforcement and crypto experts assisting in the quick identification of the perpetrator.
Impact on Thala's Operations: Following the incident, Thala paused its farming operations and is conducting a thorough review of its codebase, while the total value locked on the platform decreased significantly from $240 million to $195.6 million.
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.
