Thala was attacked early this morning, causing THL to plummet over 50% in a short time

Data from CoinGecko shows that Thala (THL) briefly plummeted by over 50% early this morning, at one point falling below $0.37. It is currently priced at $0.6281, a 24-hour drop of 12.4%.

According to an announcement made by official personnel in the community, the Thala protocol was affected by a series of transactions earlier today, causing temporary damage to the v1 liquidity pool. Contributors to Thala have collaborated with several security agencies and regained access to all user funds. Efforts are currently underway to recover and compensate affected users.

The team will release a full post-incident report later today, and once the affected liquidity pool returns to normal, all protocol functions will resume.