cryptofamily

Decentralized finance firm Thala has restarted operations a day after the protocol’s liquidity pools were exploited for roughly $25.5 million.

Thala notified users that all its offerings have been restored, except its staking service, which is being “patched and audited.”

The announcement comes a day after the protocol disclosed it was the victim of a security breach on Nov. 15, which allowed a bad actor to withdraw large sums of its liquidity tokens. Reportedly, the isolated issue stemmed from the protocol’s v1 farming contracts, where a vulnerability was introduced after a recent update.

Thala declared, all services were suspended immediately after the breach was flagged, and the protocol managed to freeze $11.5 million worth of Thala-related assets.

This was possible due to the Move programming language, which underpins the Aptos blockchain on which Thala operates. Move treats digital assets as first-class resources and includes native functions like freeze and burn.

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