TechFlow news on November 16: According to market data, Thala (THL) plunged over 50% briefly in the early hours today, dropping below $0.37 at one point. It is currently priced at $0.6281, with a 24-hour decline of 12.4%.
According to announcements from official team members in the community, Thala Protocol was impacted earlier today by a series of transactions, causing temporary damage to its v1 liquidity pool. Thala contributors have since collaborated with several security firms to regain access to all user funds. Efforts are now underway to restore operations and compensate affected users. The team will release a full post-mortem report later today, and once the impacted liquidity pool is restored, all protocol functions will resume.
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