Sui-Based Volo Protocol Hit by $3.5M Exploit, Freezes Vaults to Contain Damage

What happened

Volo Protocol, a liquid staking platform built on the Sui network, reported a security breach that led to the loss of approximately $3.5 million from its vaults, according to an official update shared by the team. The exploit impacted three vaults holding assets in WBTC, XAUm,.