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Apr 22, 2026

Volo Protocol on Sui Exploited for $3.5 Million Across Multiple Vaults

Sui-based liquid staking platform Volo Protocol was exploited for approximately $3.5 million from its WBTC, XAUm, and USDC vaults. The team has pledged to absorb losses and frozen affected assets while conducting an investigation.

Apr 22, 2026·3 sources
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Top claims

  • ▪Volo Protocol users with deposits in the unaffected vaults holding $28 million remain unable to access their funds during the freeze.
  • ▪Volo Protocol stated it is prepared to absorb the financial loss rather than pass it on to users.
  • ▪Volo Protocol started fund recovery efforts following the $3.5 million exploit.

Topics

Crypto hacksDeFiSmart contractsLayer 1sLiquid Staking

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