Tala Labs has recovered all of the cryptocurrency that was stolen after a vulnerability security breach.
On the 17th (local time), Tara Labs announced on the 16th that "on the 15th, an isolated vulnerability related to the v1 farming contract was discovered.
"The vulnerability allowed hackers to withdraw liquidity tokens," the company said in a statement.
"Immediately after the incident, Tara suspended all related contracts and withdrew all outstanding debts related to Tara Labs, which is worth $11.5 million," Tara said.
"We have frozen the associated assets. With the help of other agencies, including law enforcement, Seal 911, and Ogle, we were able to quickly identify the hackers."
According to cryptocurrency tracking expert Ogle, Tara Labs offered to pay the hackers a $300,000 reward in exchange for the full return of users' assets, and the hackers have been working for about a year since the incident.
The funds were returned six hours later. Details of the hacker's identity were not disclosed. Tara said, "Affected users do not need to take any additional action and all positions will be 100% restored."
Although the hacked funds have been fully recovered, TaraToken has yet to fully recover from the losses caused by the incident.
Meanwhile, at 4:05 p.m. on the 18th, the base price of Tara (THL) was 1.1% lower than 24 hours earlier on the cryptocurrency market price site CoinMarketCap.
It is trading at $0.5525, down 7.15% and 34.73% from seven days ago.
2024/11/18 17:23 KST
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