ChainCatcher news, Thala Labs announced that it has successfully recovered $25.5 million in liquidity pool tokens that were stolen in a previous hacking attack. These tokens were stolen due to an "isolated vulnerability" in its v1 mining contract.Thala stated that the security breach occurred on November 15, when hackers exploited the vulnerability to extract liquidity tokens. After the incident, Thala immediately suspended all related contracts and froze $11.5 million worth of Thala-related assets, while quickly identifying the hacker.Thala said: "With the assistance of law enforcement, Seal 911, and Ogle, we were able to quickly confirm the identity of the attacker. Affected users do not need to take further action, as their assets will be 100% compensated." According to crypto detective Ogle, the hacker returned all funds six hours after the incident. Thala revealed that to ensure the complete return of user assets, the hacker was allowed to collect a $300,000 bounty. Specific information about the attacker's identity has not been disclosed.Access to Thala's front end has been restored. However, mining remains suspended, and users cannot stake or unstake until Thala conducts a "comprehensive review" and re-audit of the protocol's codebase.

ChainCatcher message, Aptos AllDay posted on social media that the official X account of the Aptos ecosystem DeFi protocol Thala has been hacked, and users are advised not to click on any related links.

ChainCatcher news, Aptos ecosystem DeFi protocol Thala Labs has partnered with interoperability protocol LayerZero to integrate the over-collateralized stablecoin Move Dollar (MOD) and Thala governance token THL into an omnichain fungible token (OFT) for seamless multichain connectivity. (source link)

ChainCatcher news, according to The Block, Aptos ecosystem stablecoin protocol Thala Labs announced the completion of a $6 million seed round financing, led by ParaFi Capital, White Star Capital, and Shima Capital, with participation from Beco Capital, LedgerPrime, Saison Capital, and Infinity Ventures Crypto. The Thala Labs team currently has 12 members and will use the funding to expand hiring and increase security audits.It is reported that Thala Labs is currently building an over-collateralized decentralized stablecoin called Move Dollar, aimed at addressing the threefold dilemma of decentralized stablecoins: peg stability, security, and capital efficiency. (The Block)

Chain Catcher news, the decentralized stablecoin protocol Thala Labs in the Aptos ecosystem will launch an over-collateralized stablecoin called Move Dollar (MOD), while also developing other products to promote the application of MOD on the Aptos blockchain.It is reported that the product suite includes an AMM that provides favorable fees and features for pools integrating MOD, as well as a Launchpad to incentivize all Aptos projects to diversify their treasury assets into MOD. The official team will also release protocol documents to disclose more details. (Source link)