According to BlockBeats, there is a new story in the crypto market today! According to CoinGecko data, Thala (THL) experienced a "roller coaster" market in the early hours of the morning, and the price once fell below $0.37. Although it has now rebounded to $0.6281, it is still down 12.4% in 24 hours. 📉

What happened? According to official personnel in the community, the Thala protocol was hit by a series of transactions earlier, resulting in a brief loss of the v1 liquidity pool. However, don't worry, Thala contributors have cooperated with multiple security agencies and successfully regained access to all user funds. The team is working hard to restore the system and plans to compensate the affected users.

Of course, everyone is most concerned about the follow-up development. The Thala team said that they will release a full post-event report later today, detailing the incident and the solution. Once the liquidity pool returns to normal, all protocol functions will be fully restored.

What do you think of this incident? Welcome to share your views and opinions in the comment area! Do you think the volatility of the crypto market will affect your confidence in blockchain technology? Let’s discuss!