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Project Overview
Volo is a liquid staking protocol empowers users in the Sui Network to maximize their earnings while retaining access to their staked assets.
Suilend Responds to Volo Security Incident: Platform Operating Normally, User Funds Secure
Odaily News SuiLend posted on the X platform stating that all platform functions are currently operating normally, including deposits, lending, withdrawals, and repayments, and user funds remain unaffected. Simultaneously, the team is closely monitoring the progress of the previous Volo Protocol security incident and will continue to provide subsequent updates.
Volo, a DeFi protocol in the Sui ecosystem, was hacked, with approximately $3.5 million in assets stolen.
According to an official announcement by Volo, a security vulnerability occurred today on the Sui network involving Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in TVL remains secure. The official announcement emphasized that Volo will bear the loss entirely and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be released upon completion of the investigation.
Suilend Responds to Volo Security Incident: Platform Operating Normally, User Funds Secure
Odaily News SuiLend posted on the X platform stating that all platform functions are currently operating normally, including deposits, lending, withdrawals, and repayments, and user funds remain unaffected. Simultaneously, the team is closely monitoring the progress of the previous Volo Protocol security incident and will continue to provide subsequent updates.
Volo, a DeFi protocol in the Sui ecosystem, was hacked, with approximately $3.5 million in assets stolen.
According to an official announcement by Volo, a security vulnerability occurred today on the Sui network involving Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in TVL remains secure. The official announcement emphasized that Volo will bear the loss entirely and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be released upon completion of the investigation.
Related news
Suilend Responds to Volo Security Incident: Platform Operating Normally, User Funds Secure
Odaily News SuiLend posted on the X platform stating that all platform functions are currently operating normally, including deposits, lending, withdrawals, and repayments, and user funds remain unaffected. Simultaneously, the team is closely monitoring the progress of the previous Volo Protocol security incident and will continue to provide subsequent updates.
Volo, a DeFi protocol in the Sui ecosystem, was hacked, with approximately $3.5 million in assets stolen.
According to an official announcement by Volo, a security vulnerability occurred today on the Sui network involving Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in TVL remains secure. The official announcement emphasized that Volo will bear the loss entirely and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be released upon completion of the investigation.