DeFi Thala managed to recover $25,5 million worth of cryptocurrencies stolen in a hacker attack on November 15.
Thala representatives сообщили , that an attacker was able to steal digital assets by exploiting a vulnerability in recently updated smart contracts. He gained unauthorized access to the platform's crypto storage and took possession of coins that were in liquidity pools.
We immediately disabled all relevant smart contracts and froze the tokens issued by Thala ($9 million worth of MOD and $2,5 million worth of THL).
With the support of law enforcement, Seal 911, Ogle [white hat hackers] and others, we were able to quickly identify the perpetrator and negotiate the return of all assets in exchange for a $300 reward, Thala employees wrote.
It is obvious that the hacker decided to give away the stolen coins to avoid criminal punishment. Thanks to this, Thala customers are fully compensated for their losses, but smart contracts with the identified vulnerability do not work yet. The startup's employees are currently conducting a comprehensive audit to eliminate the possibility of similar incidents happening again.
Thala provides decentralized services related to loans, staking, and trading of digital assets. The platform is used by almost 600 people, and the value of cryptocurrencies locked on the platform is estimated at $000 million. Thus, the hacker was able to steal 153,4% of the coins stored in crypto wallets.
