Volo Protocol loses $3.5 million in exploit days after KelpDAO's breach
CoinDesk
The Sui-based Volo Protocol suffered a $3.5 million hack, days after a separate security breach at KelpDAO rocked the DeFi sector.Summary
Volo Protocol, a DeFi platform on the Sui blockchain, confirmed it lost approximately $3.5 million in digital assets due to a security breach affecting three specific vaults. The stolen assets included WBTC, XAUm, and USDC. The protocol has frozen all vaults and is working with the Sui Foundation to recover funds, stating it intends to absorb the financial loss to protect its users. This incident follows a major exploit at KelpDAO just days prior, highlighting a continued trend of significant security vulnerabilities within the decentralized finance ecosystem, which has now seen over $10 billion in cumulative losses from hacks.
(Source：CoinDesk)