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.

Crypto enthusiast passionate about technologies at the forefront of development. Happy to have same people around me

Thank you for interesting information 😊👏

And how many could they not save? Have you lost all 25.5 million?😱 1003 $DEGEN

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