Thala was attacked this morning, and THL experienced a short-term big dump of over 50%.

2024-11-16 02:28:41

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BlockBeats news, on November 16th, according to CoinGecko data, Thala (THL) experienced a short-term big dump of over 50% in the early morning today, falling to below 0.37 US dollars at one point, and is now priced at 0.6281 US dollars, with a 24-hour fall of 12.4%. According to an official announcement in the community, Thala protocol was briefly affected by a series of transactions earlier today, causing temporary damage to the v1 Liquidity pool. Thala’s contributors have collaborated with several security institutions to regain access to all user funds. Efforts are currently underway to recover and compensate affected users. The team will release a comprehensive post-incident report later today, and once the affected Liquidity pool returns to normal, all protocol functions will be restored.

THL-1.61%

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