Volo Protocol Freezes Vaults After $3.5 Million Exploit

• Volo Protocol suffered a $3.5M exploit affecting WBTC, XAUm, and USDC vaults on Sui.
• The team froze all vaults, saying $28 million in other vaults remains safe.
• Volo recovered momentum quickly by freezing $500K and blocking a 19.6 WBTC bridge attempt.

Volo Protocol, a liquid staking platform built on Sui, said it was hit by an exploit that drained about $3.5 million in assets.

The breach affected three vaults holding WBTC, XAUm, and USDC. Volo said it detected the attack quickly, contacted the Sui Foundation and ecosystem partners, and froze the vaults to stop further losses.

The team said all vaults remain frozen while a full investigation and fix are underway.

$3.5M Taken From Three Vaults

According to Volo, the exploit was limited to three specific vaults. The project said no shared weakness has been found in its remaining products. Volo added that arou…

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