{"id":2596,"date":"2026-04-22T17:05:16","date_gmt":"2026-04-22T17:05:16","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2596"},"modified":"2026-04-22T17:05:16","modified_gmt":"2026-04-22T17:05:16","slug":"volo-protocol-on-sui-suffers-3-5-million-dollar-exploit-and-freezes-vaults-to-limit-damage","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/22\/volo-protocol-on-sui-suffers-3-5-million-dollar-exploit-and-freezes-vaults-to-limit-damage\/","title":{"rendered":"Volo Protocol on Sui Suffers 3.5 Million Dollar Exploit and Freezes Vaults to Limit Damage"},"content":{"rendered":"\n
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Volo Protocol, a liquid staking platform built on the Sui network, has reported a security breach that resulted in losses of \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7 3.5 million dollars from its vaults, according to an official update from the team.<\/p>\n\n\n\n

The exploit affected three vaults holding Wrapped Bitcoin, XAUm, and USD Coin.<\/p>\n\n\n\n

Response and Recovery Measures<\/strong><\/p>\n\n\n\n

The team stated that it detected the attack quickly and responded by alerting the Sui Foundation along with other ecosystem partners. The affected vaults were immediately frozen to prevent further losses, and all vault operations have been paused while a full investigation and recovery process is underway.<\/p>\n\n\n\n

Volo confirmed that the vulnerability was limited to the three impacted vaults. The remaining vaults, which hold about 28 million dollars in total value locked, are reportedly secure and unaffected, with no shared weakness identified.<\/p>\n\n\n\n

The protocol is working with on chain investigators and partners to track and recover the stolen funds. It also plans to publish a detailed report once the investigation is complete.<\/p>\n\n\n\n

In follow up updates, the team revealed that around 500,000 dollars linked to the exploit has already been frozen. It also successfully blocked an attempt by the attacker to move 19.6 WBTC across chains, effectively removing those assets from the hacker\u2019s control.<\/p>\n\n\n\n

Volo stated it is coordinating with ecosystem participants to determine how to return the recovered funds and emphasized that it intends to absorb the financial loss rather than pass it on to users. The team noted that it is currently focused on damage control and will outline a full remediation plan soon.<\/p>\n\n\n\n

Wave of DeFi Exploits in April<\/strong><\/p>\n\n\n\n

The incident adds to a series of major exploits affecting decentralized finance platforms throughout April. Drift Protocol reportedly lost about 285 million dollars in a rapid attack, with most of the funds later moved to Ethereum. Suspicious activity tied to that exploit had been observed as early as March 11.<\/p>\n\n\n\n

In another case, Rhea Finance on the NEAR Protocol suffered losses of approximately 7.6 million dollars due to an oracle manipulation attack.<\/p>\n\n\n\n

Meanwhile, KelpDAO experienced the largest DeFi breach of the year, with attackers stealing around 292 million dollars from its cross chain bridge built on infrastructure developed by LayerZero Labs.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Volo Protocol, a liquid staking platform built on the Sui network, has reported a security breach that resulted in losses of \u10d3\u10d0\u10d0\u10ee\u10da\u10dd\u10d4\u10d1\u10d8\u10d7 3.5 million dollars from...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2596","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2596"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2596\/revisions"}],"predecessor-version":[{"id":2598,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2596\/revisions\/2598"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}