xaum

🚨Can Volo bounce back after getting hacked? Their recent moves are quite something!😮‍💨
Volo's security incident on #sui is now on its 4th update: the source of the attack has been locked down, and the impact is basically under control. The net loss is around $200k, but the team has promised to cover the full amount with their own funds, ensuring users won’t be left holding the bag.#加密市场反弹
Quick recap👇
On April 22, a vulnerability was triggered, leading to about $3.5 million from #WBTC , #XAUm , and #USDC being drained, with part of it swapped for USDC and bridged to Ethereum. Fortunately, some funds were frozen in time.
More crucial progress: around 90% of the assets have been recovered, re-bridged back to Sui, and deposited on the platform; the hacker's address has also been frozen by multiple parties. A small amount of loss will be addressed through reissuing and fund guarantees.
Data is a bit tight📉: TVL dropped from $15.83 million to $15.27 million, but overall it’s still holding steady.
In a nutshell: things went south, but the speed and attitude of the response are definitely points in their favor.👀

The liquidity staking protocol Volo on chain #SUİ recently faced a security incident, but their response was quite 'textbook level'.
On April 22, the protocol encountered a vulnerability attack, affecting assets like #WBTC , #XAUm , and #USDC , with a total of approximately $3.5 million siphoned off. However, the team quickly identified the source of the attack and initiated a series of 'recovery operations'.
The latest update is that Volo claims to have recovered about 90% of the stolen funds, successfully converted them into stablecoins, and bridged them back to the Sui network. The funds have already returned to the platform's wallet. A portion of WBTC was intercepted during the cross-chain process and has also been recovered.
The remaining loss is around $200,000, and the team has stated that they will fully compensate it from the project's own funds, without passing the cost onto users. Additionally, wallets associated with the hacker have been frozen by multiple parties, and some funds were intercepted by the platform and on-chain mechanisms.
From the data perspective, this incident did impact short-term sentiment, with TVL dropping slightly from $15.83 million to $15.27 million, and SUI's price also experienced minor fluctuations.
Overall, this feels more like a 'rapid response crisis management': attack → fund chasing → freezing → recovery → compensation promise, all completed within a few days. While there are still losses, most assets have been pulled back into a safe range.