Sui DeFi Protocol Volo Suffers Security Breach, $3.5M in Assets Stolen

Gate News message, April 22 — Volo, a BTCFi and liquid staking token (LST) protocol on the Sui network, disclosed a security breach today affecting approximately $3.5 million in assets, including WBTC, XAUm, and USDC, stolen from three specific vaults. The team immediately notified the Sui Foundation and ecosystem partners, then froze all vaults to prevent further losses.

Volo stated that the vulnerability was limited to the three affected vaults, with no similar attack vectors identified in other vaults. The protocol’s remaining vaults, holding approximately $28 million in total value locked (TVL), remain secure and unaffected.

The team committed to bearing the full loss and will not pass costs to users. Volo pledged to publish a comprehensive post-incident report and remediation plan once the investigation is complete.