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Scallop

Scallop

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Banking-as-a-service provider

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Scallop is a new banking-as-a-service provider that aims to streamline the way individuals and businesses manage both their cryptocurrencies and fiat currencies with novel products and services.

Payment CeFi

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Scallop: Suffers $150,000 SUI loss due to sSUI reward pool vulnerability; will bear full loss

Scallop, a lending protocol in the Sui ecosystem, announced on X that a vulnerability was discovered in a subsidiary contract related to Scallop’s sSUI reward pool, resulting in the loss of approximately 150,000 SUI. The affected contract has been frozen. Scallop stated that its core contracts remain secure and only the sSUI reward pool is impacted; all other reward pools are unaffected and secure. Scallop will fully cover 100% of the losses and will release further updates as soon as possible.

Scallop: Suffers $150,000 SUI loss due to sSUI reward pool vulnerability; will bear full loss

Scallop, a lending protocol in the Sui ecosystem, announced on X that a vulnerability was discovered in a subsidiary contract related to Scallop’s sSUI reward pool, resulting in the loss of approximately 150,000 SUI. The affected contract has been frozen. Scallop stated that its core contracts remain secure and only the sSUI reward pool is impacted; all other reward pools are unaffected and secure. Scallop will fully cover 100% of the losses and will release further updates as soon as possible.

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Scallop: Suffers $150,000 SUI loss due to sSUI reward pool vulnerability; will bear full loss

Scallop, a lending protocol in the Sui ecosystem, announced on X that a vulnerability was discovered in a subsidiary contract related to Scallop’s sSUI reward pool, resulting in the loss of approximately 150,000 SUI. The affected contract has been frozen. Scallop stated that its core contracts remain secure and only the sSUI reward pool is impacted; all other reward pools are unaffected and secure. Scallop will fully cover 100% of the losses and will release further updates as soon as possible.