Thala Recovers $25.5M in Stolen User Assets from Hacker

Thala has recovered millions of dollars in stolen user assets after being hacked.  The protocol negotiated with the attacker.  Thala’s codebase is still under extensive review.  Thala announced today that it had successfully recovered millions of dollars in stolen crypto assets, reassuring its users of 100% indemnification.  Thala, developed by Thala Labs, is a decentralized finance (DeFi) platform built on the Move programming language. It enables users to borrow the Move Dollar and provide liquidity through a rebalancing Automated Market Maker (AMM). The Move Dollar is a decentralized, over-collateralized stablecoin on the Aptos network, backed by U.S. dollar-denominated assets

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