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BREAKING: Volo Protocol Hacked For $3.5M - $2.6M Already Recovered
Sui-Based @volo_sui Suffered A Vault Exploit Today. Here's The Full Story 👇
The Hack:
🔸 ~$3.5M Drained From 3 Specific Vaults
🔸 Assets Stolen: $WBTC, $XAUm, $USDC
🔸 Remaining ~$28M TVL Across Other Vaults Is SAFE
🔸 No Shared Vulnerability With Other Volo Vaults
Team Response:
✅ Attack Detected Instantly
✅ All Vaults Frozen
✅ Sui Foundation & Ecosystem Partners Notified
✅ Volo Absorbing The Full Loss, Users Protected
Recovery Progress (~74% Blocked):
✅ ~$500K Frozen Via Sui Ecosystem Partners
✅ 19.6 WBTC (~$2.1M) Bridge Attempt Intercepted & Blocked
❌ ~$900K Still Under Investigation
Second Major @SuiNetwork Recovery Win After Cetus ($162M) In May 2025. Validator-Level Freeze Mechanism Proving To Be A Real DeFi Safety Net.
Retail Lesson:
Volo Had 3 Audits (OtterSec, Movebit, Hacken) + Open-Source Code + Active Bug Bounty, Still Got Hit.
Audits ≠ Immunity.
#VOLO #SUI