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‼️ Volo Protocol on Sui hacked for $3.5 million
Today, the Volo liquidity staking protocol on the Sui blockchain announced a breach.
The attack affected WBTC, XAUm, and USDC vaults, resulting in approximately $3.5 million being stolen.
Volo stated that it will fully cover the losses itself and will not pass them on to users.
🔥 The team promptly froze the compromised vaults and blocked the hacker's attempt to withdraw an additional 19.6 WBTC.