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Volo Protocol Loses $3.5 Million in Exploit Days After KelpDAO's Breach
15 Articles
15 Articles
Crypto Hack: Volo Recovers $2M of Exploited Funds
Key Insights A crypto hack at Volo led to a $3.5 million loss across WBTC, gold token, and USDC vaults. Roughly $2 million was frozen with help from the Sui Foundation, while the team pledged to cover the remaining $1.5 million. The recovery raised fresh concerns about decentralization and control within DeFi systems. A crypto hack involving Volo hit the decentralized finance sector in April 2026, resulting in losses of about $3.5 million acros…
Volo Freezes Funds, Limits Damage After $3.5 Million Sui Blockchain Exploit
Sui-based DeFi protocol Volo reported a $3.5 million breach affecting select vaults. The team has frozen a portion of the stolen funds and said unaffected vaults remain secure. The protocol also plans to absorb losses as concerns around DeFi security continue to grow.
The liquid stacking platform Volo Protocol, built on the Sui network, confirmed an exploit that committed approximately $3.5 million in digital assets, affecting several of its main valves. The incident, which directly impacts confidence in the emerging DeFi ecosystem, marks a new episode in a week already hit by critical vulnerabilities in cross-chain and stacking protocols. The protocol team reacted quickly: it froze affected contracts, notifi…
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