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- Volo said that a total of $3.5 million hit three special rooms which include WBTC, XAUm and USDC.
- The protocol from Sui said that about $28 million of the total value of the closed in other areas remains safe and that the loss of users does not pass.
Another week, another DeFi project. This time the damage came to Volo, the liquid protocol that was built Suiwhich said the attack cost about $3.5 million from a limited portion of its system.
In a sentence has been sent on X Wednesday, the group said that the incident involved equipment that was stored including The closure of BitcoinMatrixdock Gold XAUm and USDC. Volo said he discovered the attack, notified the Sui Foundation and environmental partners, and stopped the affected rooms from being destroyed.
Volo says the damage was three rooms apart
The primary function of the protocol is now to assure users that the breach has not been propagated. According to the group, about $28 million in TVL in other areas remains safe, which is used in three remote rooms and no threat has been identified so far.
This fact is important. In DeFiThe first question after an exploit is usually not about how much money was lost. It is whether the failure was local or systemic. Volo is clearly trying to show the past.
The group also said it plans to absorb the losses rather than pass them on to users, although it has not yet finalized a plan to restructure. This is no small commitment, especially for a protocol of this size. It may help stabilize confidence in the short term, but it also raises the next obvious question, which is how the losses will be met.
The application comes at a bad time for DeFi
Time, in this case, is part of the story. The Volo hack comes just a few days later Kelp was used about $293 million, an event that has already disrupted parts of the entire ecosystem and increased concerns about water levels and infrastructure repairs.
Volo also works in the same category. Users deposit SUI and receive voloSUI (VSUI) in return, a model designed to be more profitable and save money.
This design is popular among chains, but it also attracts attackers to the same site. Meanwhile, Volo argues that the blast radius was limited. However, the larger pattern is hard to ignore. The security of DeFi is being tested not by theory, but by how many protocols can survive a week like this without users deciding that they have seen enough.
