Sui DeFi Project Full Sail Shuts Down After Oracle Incident
10 Articles
10 Articles
Full Sail Shuts Down After $91K Switchboard Oracle Exploit
Why Is Full Sail Winding Down? Full Sail, a decentralized finance protocol operating on the Sui blockchain, is shutting down after a security incident involving oracle provider Switchboard caused losses across several of its automated vaults. The protocol said Tuesday that it had started winding down operations and immediately disabled new deposits and liquidity provider reward claims. Its regular pools are expected to move into withdrawal-only …
Full Sail Shuts Down on Sui After $91,000 Oracle Breach Hits Three Vaults
Full Sail is done. The decentralized finance protocol built on the Sui blockchain announced it’s winding down after an attacker… Read the original on Full Sail Closes After $91,000 Breach Linked to Switchboard Oracle Vulnerability. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Key points of the news: Full Sail announced the closure of its DeFi protocol in Sui following an attack linked to the Switchboard oracle provider that caused losses. An attacker extracted approximately $91,000 from three automated vaults; Virtue protocol also reported losses for $455,000 in the same incident. Full Sail’s team was able to ... Read more
The DeFi Full Sail protocol, built on Sui, prepares for closure after an incident related to the Switchboard oracle provider caused losses for its users. The platform stopped new deposits and reward claims, while promising to use its remaining liquidity and equipment resources to prioritize repayments.
Sui DeFi Protocol Full Sail to Wind Down After Switchboard Issue
Full Sail, a decentralized finance (DeFi) protocol operating on the Sui blockchain, says it will shut down after a security incident tied to its oracle provider, Switchboard. The protocol’s decision follows confirmed losses linked to automated vault activity, prompting it to disable new deposits and liquidity provider reward claims. In an announcement posted on X [...]
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