Volo Protocol Loses $3.5 Million in Sui Vault Exploit Amid DeFi Hack Streak
BeInCrypto
Liquid staking platform Volo Protocol reported a $3.5 million loss from a vault exploit, promising to cover the damages without impacting user deposits.Summary
The Sui-based Volo Protocol recently suffered a security breach, resulting in the loss of approximately $3.5 million from three of its vaults. The stolen assets included Wrapped Bitcoin, XAUm, and USD Coin. In response, the platform immediately froze the affected vaults and confirmed that the remaining $28 million in locked value remains secure. Volo, which is part of the NAVI lending ecosystem, has committed to absorbing the loss internally rather than passing it on to its users. This incident is the latest in a series of high-profile security breaches affecting the DeFi sector, and the team is currently working with investigators to recover the funds while preparing a detailed post-mortem report.
(Source：BeInCrypto)