TechFlow News: On April 22, according to an official announcement by Volo, a security vulnerability was exploited on the Sui network affecting Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million worth of assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in total value locked (TVL) remains secure. The official announcement emphasized that Volo will bear the full loss itself and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be published following the conclusion of the investigation.
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