Volo Protocol on Sui just got drained for $3.5M.

WBTC, XAUM, and USDC vaults hit. Team acted fast—froze contracts, recovered ~$500K, and blocked a 19.6 WBTC bridge withdrawal.

Volo claims the remaining $28M TVL is secure and they'll eat the loss (not socializing to users).

This comes right after KelpDAO's $292M exploit tied to Lazarus Group.

Two major hacks in one month. DeFi's risk premium is real.

Question for you: Still aping into protocols or moving funds to cold storage?

DYOR. Risk management > APY.