Official partnership announcements from Thala or the security firms

Thala Recovers $25 Million After Successful Hacker Negotiation, Pays $300,000 Bug Bounty

Nov 16, 2024, 05:26 PM

Thala, a DeFi project in the Aptos ecosystem, experienced a security vulnerability attack on its latest V1 liquidity pool contract, resulting in the theft of $25 million. With the assistance of law enforcement, SEAL 911, and Ogle Security, Thala successfully negotiated with the hacker for the return of the stolen funds. The hacker agreed to return the $25 million in exchange for a $300,000 bug bounty. The recovery process was completed in less than six hours, marking a significant achievement for Thala and its security partners.