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Thala was attacked early this morning, and THL plummeted by more than 50% in a short period of time

2024-11-16 02:44
Odaily News According to CoinGecko data, Thala (THL) plunged more than 50% in a short period of time this morning, falling below $0.37 at one point, and is now quoted at $0.6281, a 24-hour drop of 12.4%. According to official community news, the Thala protocol was affected by a series of transactions earlier today, resulting in a brief damage to the v1 liquidity pool. Thala contributors have worked with several security agencies to regain access to all user funds. Efforts are currently underway to restore and compensate the affected users. The team will release a full post-mortem report later today, and all protocol functions will be restored once the affected liquidity pools return to normal.