Volo Protocol Freezes Vaults After $3.5 Million Exploit

Apr 22, 2026

< 1 min read

by Anisha Pandey

for CoinEdition

Volo Protocol Freezes Vaults After $3.5 Million Exploit

AI Overview

Volo Protocol suffered a $3.5M exploit on Sui that drained three vaults holding WBTC, XAUm and USDC; the attack was detected quickly. - The team froze all vaults, said ~$28M in other vaults remain safe, and contained further loss by freezing ~$500K and blocking a 19.6 WBTC bridge attempt. - Full investigation and fixes are underway; this is a DeFi security incident impacting protocol trust and Sui ecosystem risk metrics.

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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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