US EditionVolo Protocol Loses $3.5 Million in Exploit Days After KelpDAO's Breach
13 Articles
13 Articles
DeFi Platform Volo Hit by $3.5M Vault Attack, Begins Recovery Efforts - Invest In Crypto News
Decentralized finance (DeFi) protocol Volo has disclosed a security breach that resulted in the loss of approximately $3.5 million in digital assets, marking the latest incident in a series of exploits targeting DeFi platforms. In a Wednesday post on X, the team said the attack affected select vaults and involved assets including Wrapped Bitcoin (WBTC), Matrixdock Gold XAUm and USDC (USDC). “We detected the attack, immediately notified the Sui F…
The liquid stacking platform Volo Protocol, built on the Sui network, confirmed an exploit that committed approximately $3.5 million in digital assets, affecting several of its main valves. The incident, which directly impacts confidence in the emerging DeFi ecosystem, marks a new episode in a week already hit by critical vulnerabilities in cross-chain and stacking protocols. The protocol team reacted quickly: it froze affected contracts, notifi…
DeFi Security Suffers New Blow With $3 Million Volo Exploit
Another decentralized finance (DeFi) protocol has been the target of a hack. Volo Protocol said Wednesday (April 22) that a breach had drained around $3.5 million in digital assets from its vaults. “The ~$28M in TVL across all other Volo vaults is safe,” the company said in a post on X. “The exploit was isolated to 3 specific vaults, and we have confirmed no shared attack vector exists with the remaining vaults. “We want to be clear: V…
Volo Protocol loses 3.5 million dollars following security exploit on Sui network - The Cryptocurrency Post
The liquid staking protocol Volo Protocol suffered a security breach this Wednesday resulting in the theft of 3.5 million dollars in digital assets from the Sui network. According to developers confirming the event through official channels, the exploit affected three specific vaults, successfully freezing a significant portion of the stolen funds. The Volo Protocol hack forced the immediate suspension of operations in the affected vaults to con…
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