While the hacked funds were fully recovered, the Thala token is still down roughly 35% since the incident occurred.
Decentralized finance firm Thala Labs has recovered $25.5 million of liquidity pool tokens stolen from one of its farming contracts after the hacker was quickly tracked down by law enforcement and crypto sleuths.
In a post on Nov. 16, Thala revealed it had suffered a “security breach” on Nov. 15 due to an “isolated vulnerability related to its v1 farming contracts, which allowed the hacker to withdraw liquidity tokens.
Thala said it immediately paused all relevant contracts and froze $11.5 million worth of Thala-related assets, and was able to quickly identify the hacker.
