#scallop
scallop
98,004 views
60 Discussing
Hot
Latest
#Scallop This time, the sSUI rewards side contract exploit is a perfect case for DeFi risk management.
Here's the rundown: the Scallop sSUI rewards side contract had a vulnerability, resulting in a loss of about 150k SUI. The team later explained that the affected contract has been frozen, core contracts are secure, and other reward pools are unaffected, and they will cover the loss.
I think the most interesting point to dissect here is the 'side contract' aspect.
When many people assess DeFi security, they tend to focus on the main pool, lending core, oracles, and liquidation logic. Of course, these are important, but as protocols mature, numerous auxiliary contracts pop up: reward pools, legacy strategies, migration tools, and event contracts.
These contracts often handle smaller amounts and have lower visibility, making them more prone to becoming the tail end of issues.
So this time, I'm going to focus on the incident response process. After it happens, the protocol's reaction must be standard: first, freeze the affected contracts, confirm the status of core contracts, clarify the impact scope, and address user losses.
Each of these steps is critical.
For users, this case can also serve as a checklist: when looking at yield activities, APR is just the entry point; you also need to see which contract the funds are actually going into, where the rewards are coming from, and whether this pool is still actively maintained.
The risks in DeFi often hide in the details. Especially with old contracts left over after upgrades, reward pools with balances post-activity, or small modules that haven't been mentioned in a while.
I actually think such incidents have high educational value. For the ecosystem to attract larger funds, we can't just focus on the usual yield stories; we also need to observe how each protocol handles issues when they arise.
Dissecting such cases multiple times will give everyone a greater sense of the risks in DeFi.
Here's the rundown: the Scallop sSUI rewards side contract had a vulnerability, resulting in a loss of about 150k SUI. The team later explained that the affected contract has been frozen, core contracts are secure, and other reward pools are unaffected, and they will cover the loss.
I think the most interesting point to dissect here is the 'side contract' aspect.
When many people assess DeFi security, they tend to focus on the main pool, lending core, oracles, and liquidation logic. Of course, these are important, but as protocols mature, numerous auxiliary contracts pop up: reward pools, legacy strategies, migration tools, and event contracts.
These contracts often handle smaller amounts and have lower visibility, making them more prone to becoming the tail end of issues.
So this time, I'm going to focus on the incident response process. After it happens, the protocol's reaction must be standard: first, freeze the affected contracts, confirm the status of core contracts, clarify the impact scope, and address user losses.
Each of these steps is critical.
For users, this case can also serve as a checklist: when looking at yield activities, APR is just the entry point; you also need to see which contract the funds are actually going into, where the rewards are coming from, and whether this pool is still actively maintained.
The risks in DeFi often hide in the details. Especially with old contracts left over after upgrades, reward pools with balances post-activity, or small modules that haven't been mentioned in a while.
I actually think such incidents have high educational value. For the ecosystem to attract larger funds, we can't just focus on the usual yield stories; we also need to observe how each protocol handles issues when they arise.
Dissecting such cases multiple times will give everyone a greater sense of the risks in DeFi.
Exploit Hits Scallop
The Scallop protocol on Sui suffered an exploit on its sSUI rewards pool, resulting in a loss of ~150K SUI.
Not ideal.
But what happened next is what stands out.
The protocol has:
➠ Resumed operations quickly
➠ Committed to covering 100% of user losses
➠ Maintained transparency during the incident
This is how DeFi should evolve.
Exploits may happen that’s the reality of early-stage infrastructure.
But what separates strong protocols from weak ones is accountability and response.
➠ Protect users
➠ Communicate clearly
➠ Take responsibility
That’s how trust is built.
In a space where confidence can disappear overnight,
teams that step up during crises earn long-term credibility.
This is the standard moving forward.
$SUI
#Scallop #SUI
The Scallop protocol on Sui suffered an exploit on its sSUI rewards pool, resulting in a loss of ~150K SUI.
Not ideal.
But what happened next is what stands out.
The protocol has:
➠ Resumed operations quickly
➠ Committed to covering 100% of user losses
➠ Maintained transparency during the incident
This is how DeFi should evolve.
Exploits may happen that’s the reality of early-stage infrastructure.
But what separates strong protocols from weak ones is accountability and response.
➠ Protect users
➠ Communicate clearly
➠ Take responsibility
That’s how trust is built.
In a space where confidence can disappear overnight,
teams that step up during crises earn long-term credibility.
This is the standard moving forward.
$SUI
#Scallop #SUI
$SCA #Scallop 💥💥🔥🔥🚀🚀🚀🔜
Ready for a blast 💥 🆙 rally 🔜
Great volume inflow after monthly close.
Buy 🎯:- Filled ✔️ ✅ at 0.55$
If u haven’t added yet, add NOW @0.6$
Profit 🎯 1️⃣ & 2️⃣ shown in 📈
🔜 mostly during this weekly candle close, RSI & candle will breakout for an 🆙 rally.
Close above 0.8$ will send it 🆙 & high
#CRIPTOHINDUSTAN #scallop #scamriskwarning #BNBCrossing660 #ETHETFsApproved
Ready for a blast 💥 🆙 rally 🔜
Great volume inflow after monthly close.
Buy 🎯:- Filled ✔️ ✅ at 0.55$
If u haven’t added yet, add NOW @0.6$
Profit 🎯 1️⃣ & 2️⃣ shown in 📈
🔜 mostly during this weekly candle close, RSI & candle will breakout for an 🆙 rally.
Close above 0.8$ will send it 🆙 & high
#CRIPTOHINDUSTAN #scallop #scamriskwarning #BNBCrossing660 #ETHETFsApproved
$SCA #Scallop 🔥🔥💥🚀🚀🚀🚀🚀
Ready for next rally 🆙 ⬆️
Will bottomed out around 0.5$ now at 0.58$
VOLUME STARTED FLOWING IN
RSI BREAKING OUT
Buy 🎯:- 0.5$—0.6$
Updated profit 🎯 1️⃣ & 2️⃣ in 📈.
Maximum 🎯:- 4$—5$
HUGE POTENTIAL COIN, MUST HAVE INNUR PORTFOLIO FOR UPCOMING SEASON.
#CRIPTOHINDUSTAN #scallop #altcoins #GME #Memecoins
Ready for next rally 🆙 ⬆️
Will bottomed out around 0.5$ now at 0.58$
VOLUME STARTED FLOWING IN
RSI BREAKING OUT
Buy 🎯:- 0.5$—0.6$
Updated profit 🎯 1️⃣ & 2️⃣ in 📈.
Maximum 🎯:- 4$—5$
HUGE POTENTIAL COIN, MUST HAVE INNUR PORTFOLIO FOR UPCOMING SEASON.
#CRIPTOHINDUSTAN #scallop #altcoins #GME #Memecoins
🚨 ALERT: Scallop faced an exploit and lost 150,000 SUI.
The affected contract has been frozen and Scallop will cover 100% of the loss.#scallop #SUİ #news #NewsAboutCrypto
The affected contract has been frozen and Scallop will cover 100% of the loss.#scallop #SUİ #news #NewsAboutCrypto
Scallop just got exploited for 150,000 SUI.
The vulnerability was in a deprecated rewards contract.
A contract the team already knew was old.
Here's the full read and why the response matters as much as the incident.
Deprecated contracts are the ghost infrastructure of DeFi.
They're old code. Replaced. Superseded.
But still sitting on-chain. Still executable. Still dangerous.
Scallop's team froze the module quickly.
Core funds confirmed unaffected.
Operations already resumed.
And they pledged to cover 100% of user losses.
That last part is rare. And it matters.
Most DeFi exploits follow a predictable script:
Hack occurs. Team goes quiet. Community panics.
Post-mortem published 3 days later. Partial refunds promised. Never fully delivered.
Scallop did the opposite.
Fast freeze. Full transparency. Complete coverage. Operations resumed.
That's not damage control. That's protocol maturity.
Now here's the broader lesson this exploit teaches again.
We flagged earlier this week that Anthropic's Mythos is raising alarms across DeFi security.
AI can now scan smart contracts for vulnerabilities faster than any human audit team.
The Scallop vulnerability wasn't in their active code.
It was in code they thought was harmless.
The most dangerous contracts in DeFi aren't the ones teams are watching.
They're the ones teams stopped watching.
Sui's stablecoin supply nearly tripled this year.
Its DeFi ecosystem is growing fast.
Fast growth and deprecated contracts are a combination the entire ecosystem needs to audit.
Scallop handled this right.
The question is who gets the next one before they do.
#Sui #DeFi #Scallop #Crypto #Security
The vulnerability was in a deprecated rewards contract.
A contract the team already knew was old.
Here's the full read and why the response matters as much as the incident.
Deprecated contracts are the ghost infrastructure of DeFi.
They're old code. Replaced. Superseded.
But still sitting on-chain. Still executable. Still dangerous.
Scallop's team froze the module quickly.
Core funds confirmed unaffected.
Operations already resumed.
And they pledged to cover 100% of user losses.
That last part is rare. And it matters.
Most DeFi exploits follow a predictable script:
Hack occurs. Team goes quiet. Community panics.
Post-mortem published 3 days later. Partial refunds promised. Never fully delivered.
Scallop did the opposite.
Fast freeze. Full transparency. Complete coverage. Operations resumed.
That's not damage control. That's protocol maturity.
Now here's the broader lesson this exploit teaches again.
We flagged earlier this week that Anthropic's Mythos is raising alarms across DeFi security.
AI can now scan smart contracts for vulnerabilities faster than any human audit team.
The Scallop vulnerability wasn't in their active code.
It was in code they thought was harmless.
The most dangerous contracts in DeFi aren't the ones teams are watching.
They're the ones teams stopped watching.
Sui's stablecoin supply nearly tripled this year.
Its DeFi ecosystem is growing fast.
Fast growth and deprecated contracts are a combination the entire ecosystem needs to audit.
Scallop handled this right.
The question is who gets the next one before they do.
#Sui #DeFi #Scallop #Crypto #Security
🔥 $SC is Back From the Brink! 🚀
$SC just defended a critical support level at 0.00134, and now it's eyeing a breakout! 💪 Buyers stepped in and crushed the selling pressure, creating a surprisingly stable structure. This isn’t just a bounce – it feels like smart money is quietly accumulating. Keep a close watch; a decisive move is brewing. 📈
#Scallop #CryptoRecovery #Altcoins #Accumulation 🐳
$SC just defended a critical support level at 0.00134, and now it's eyeing a breakout! 💪 Buyers stepped in and crushed the selling pressure, creating a surprisingly stable structure. This isn’t just a bounce – it feels like smart money is quietly accumulating. Keep a close watch; a decisive move is brewing. 📈
#Scallop #CryptoRecovery #Altcoins #Accumulation 🐳
$SCA #Scallop 🔥🔥💥💥🚀🚀🚀
50% 🆙 since last week
0.65$ to 1.06$ & counting 🆙
It’s moving slowly & steadily ⬆️ and
many will notice when it will touch the profit 🎯.
#CRIPTOHINDUSTAN #scallop #bitcoinhalving #Token2049 #BullorBear
50% 🆙 since last week
0.65$ to 1.06$ & counting 🆙
It’s moving slowly & steadily ⬆️ and
many will notice when it will touch the profit 🎯.
#CRIPTOHINDUSTAN #scallop #bitcoinhalving #Token2049 #BullorBear
$SCA #Scallop 💥💥🚀🚀🚀🚀
30% 🆙
0.65$ to 0.85$
Buy 🎯:- 0.65$ Filled (completed ✔️ ✅)
Now it’s good to Go for GREAT 👍 Uptrend RALLY 🔜.
IF NOT ADDED YET, BUY NOW.
Profit 🎯:- 2$ - 2.5$
Maximum 🎯:- 4$-5$
Easily all 🎯 will be achieved.
HUGE POTENTIAL COIN, MUST HAVE IN UR PORTFOLIO.
#CRIPTOHINDUSTAN #scallop #BullorBear #BinanceLaunchpool #FET
30% 🆙
0.65$ to 0.85$
Buy 🎯:- 0.65$ Filled (completed ✔️ ✅)
Now it’s good to Go for GREAT 👍 Uptrend RALLY 🔜.
IF NOT ADDED YET, BUY NOW.
Profit 🎯:- 2$ - 2.5$
Maximum 🎯:- 4$-5$
Easily all 🎯 will be achieved.
HUGE POTENTIAL COIN, MUST HAVE IN UR PORTFOLIO.
#CRIPTOHINDUSTAN #scallop #BullorBear #BinanceLaunchpool #FET
On December 14 that according to official news, #Sui Ecological Lending Protocol #Scallop will launch an #Airdrop event during Christmas from December 14 to 26.
Users only need to borrow at least $1,000 in assets/hold 1,000 veSCA to qualify for the airdrop. The total amount of airdrop is 1 million SCA, and the airdrop issuance date is December 26. Currently, Scallop #tvl has reached an all-time high of 195 million, and the total borrowing amount has reached 90 million US dollars.
#CryptoNews🚀🔥
Users only need to borrow at least $1,000 in assets/hold 1,000 veSCA to qualify for the airdrop. The total amount of airdrop is 1 million SCA, and the airdrop issuance date is December 26. Currently, Scallop #tvl has reached an all-time high of 195 million, and the total borrowing amount has reached 90 million US dollars.
#CryptoNews🚀🔥
🚀 Scallop is making strong strides towards the future!
Join Kris Lai, the founder and CEO of Scallop, as he shares the latest developments and upcoming plans for the platform, emphasizing the unique innovations that set Scallop apart in the decentralized finance (DeFi) world on the Sui network.
💡 Highlights from his talk:
Developing smart financial tools that make the user experience easier and faster.
Enhancing transparency and security in all transactions.
Future plans to make Scallop an indispensable platform for the DeFi community.
✨ Scallop is not just a financial platform, but a journey towards an innovative future that blends technology and creativity.
📌 If you are interested in decentralized finance or looking for an opportunity to discover new things in the DeFi world, now is the perfect time to follow Scallop closely.
🔗 Share your opinion 👇 and stay updated with all the latest!
$SUI
#Scallop #defi #CryptoInnovation #SuiNetwork #BlockchainRevolution
Join Kris Lai, the founder and CEO of Scallop, as he shares the latest developments and upcoming plans for the platform, emphasizing the unique innovations that set Scallop apart in the decentralized finance (DeFi) world on the Sui network.
💡 Highlights from his talk:
Developing smart financial tools that make the user experience easier and faster.
Enhancing transparency and security in all transactions.
Future plans to make Scallop an indispensable platform for the DeFi community.
✨ Scallop is not just a financial platform, but a journey towards an innovative future that blends technology and creativity.
📌 If you are interested in decentralized finance or looking for an opportunity to discover new things in the DeFi world, now is the perfect time to follow Scallop closely.
🔗 Share your opinion 👇 and stay updated with all the latest!
$SUI
#Scallop #defi #CryptoInnovation #SuiNetwork #BlockchainRevolution
$SCA s trading at $0.026133, down 1.16% with a market cap of $4.55M and FDV of $6.53M. The token shows low liquidity around $1.5M, meaning price swings can be more pronounced on smaller trades. Recent candles indicate a slight pullback from the $0.0266 resistance, with immediate support near $0.0261. On-chain activity remains steady, signaling ongoing usage and adoption. Traders should watch for a rebound above $0.0265 for bullish momentum or a drop below $0.0260 for potential further correction. Risk management is key in lower-liquidity environments.
#Scallop #SCA #CryptoTrading
#Scallop #SCA #CryptoTrading
🚨 SCALLOP ON SUI EXPLOITED! HACKERS DRAIN FUNDS 🚨
💥 The Incident:
DeFi protocol Scallop on the SUI chain suffered a security breach 🥷💻
📉 The Damage:
Lost total of 150,000 SUI 💰❌
✅ THE GOOD NEWS:
Team officially confirmed FULL COVERAGE! 🛡️💸
ALL USER FUNDS WILL BE 100% REFUNDED ✅
They are taking full responsibility to protect the community! 🙏⚖️
#Scallop $SUI #Hack #Exploit #DeFi #Security
💥 The Incident:
DeFi protocol Scallop on the SUI chain suffered a security breach 🥷💻
📉 The Damage:
Lost total of 150,000 SUI 💰❌
✅ THE GOOD NEWS:
Team officially confirmed FULL COVERAGE! 🛡️💸
ALL USER FUNDS WILL BE 100% REFUNDED ✅
They are taking full responsibility to protect the community! 🙏⚖️
#Scallop $SUI #Hack #Exploit #DeFi #Security
After identifying an exploit affecting the side contract related to the sSUI Scallop prize pool, which resulted in a loss of approximately 150,000 @Sui
The impacted contract has been frozen. Our core contract remains secure, and only the prize pool $SUI I was affected. All other pools are safe.
#Scallop will cover 100% of the losses.
$SUI
The impacted contract has been frozen. Our core contract remains secure, and only the prize pool $SUI I was affected. All other pools are safe.
#Scallop will cover 100% of the losses.
$SUI
$SCA #Scallop 💥💥🚀🚀🚀🚀
30% 🆙
0.65$ to 0.85$
Buy 🎯:- 0.65$ Filled (completed ✔️ ✅)
Now it’s good to Go for GREAT 👍 Uptrend RALLY 🔜.
IF NOT ADDED YET, BUY NOW.
Profit 🎯:- 2$ - 2.5$
Maximum 🎯:- 4$-5$
Easily all 🎯 will be achieved.
HUGE POTENTIAL COIN, MUST HAVE IN UR PORTFOLIO.
#CRIPTOHINDUSTAN #scallop #BullorBear #BinanceLaunchpool #FET
30% 🆙
0.65$ to 0.85$
Buy 🎯:- 0.65$ Filled (completed ✔️ ✅)
Now it’s good to Go for GREAT 👍 Uptrend RALLY 🔜.
IF NOT ADDED YET, BUY NOW.
Profit 🎯:- 2$ - 2.5$
Maximum 🎯:- 4$-5$
Easily all 🎯 will be achieved.
HUGE POTENTIAL COIN, MUST HAVE IN UR PORTFOLIO.
#CRIPTOHINDUSTAN #scallop #BullorBear #BinanceLaunchpool #FET
Scallop has introduced Wrapped sCoins, a significant upgrade to their existing sCoin system.
This update enables:
🔹Migration from old to new sCoins directly via the Scallop dApp
🔹Integration of sCoins on DeFi protocols
🔹Display of sCoins in all supported Sui wallets
🔹Transferability across supported Sui wallets
sCoins are Scallop's liquid derivative tokens, representing deposits in the Scallop Lending Pool. They can be used for withdrawals and are now easily manageable through the Scallop dApp.
#scallop #sCoins #BinanceTurns7 #SuiNetwork $SUI #BinanceTournament
This update enables:
🔹Migration from old to new sCoins directly via the Scallop dApp
🔹Integration of sCoins on DeFi protocols
🔹Display of sCoins in all supported Sui wallets
🔹Transferability across supported Sui wallets
sCoins are Scallop's liquid derivative tokens, representing deposits in the Scallop Lending Pool. They can be used for withdrawals and are now easily manageable through the Scallop dApp.
#scallop #sCoins #BinanceTurns7 #SuiNetwork $SUI #BinanceTournament
Magic Eden users claim diamond retroactive Reward
👉https://magiceden.io/rewards
📌This only for people who trade their nfts on magiceden (sol ecosystem)
If you add liqudity pool on scallop, you eligible to claim free $pyth
https://cny.scallop.io/
Scallop Airdrop For PYTH Staker
https://x.com/Scallop_io/status/1759559967583957054?s=20
#pyth #scallop #magiceden #nft $PYTH
👉https://magiceden.io/rewards
📌This only for people who trade their nfts on magiceden (sol ecosystem)
If you add liqudity pool on scallop, you eligible to claim free $pyth
https://cny.scallop.io/
Scallop Airdrop For PYTH Staker
https://x.com/Scallop_io/status/1759559967583957054?s=20
#pyth #scallop #magiceden #nft $PYTH
Login to explore more contents