🔥BREAKING- Volo Protocol, a DeFi platform on the Sui network, confirmed that it was hit by a security exploit resulting in approximately $3.5 million in stolen assets. $SUI

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The attackers drained WBTC, XAUm, and USDC. All vaults were immediately frozen to prevent further losses. Approximately $28 million in Total Value Locked (TVL) across other vaults remains safe and unaffected. $SPK $CETUS

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The Sui Foundation and other ecosystem partners, including SuiLend, have been notified and are monitoring the situation to ensure broader network security.