SUI-Based Volo Ensures Users That It Will Absorb $3.5M Loss From Exploit Fresh from the shocking $292 million to $294 million attack on KelpDAO over the weekend, another liquid staking platform has suffered a multi-million-dollar exploit. Volo, a Sui $SUI-powered decentralized finance (DeFi) protocol, disclosed the removal of around $3.5 million in assets from its vault late Tuesday evening (UTC). The compromised assets on Volo Vaults comprised the following: ➡️Wrapped Bitcoin $WBTC, an ERC-20 token on the Ethereum $ETH blockchain representing 1:1 Bitcoin $BTC ➡️Matrixdock Gold $XAUm, a token fully-backed 1:1 by one troy ounce of physical gold, with an overall valuation of over $52.57 million ➡️ $USDC, a stablecoin issued by Circle and pegged 1:1 to the US dollar, with a market cap of more than $77.88 billion Check out the updates on the ongoing investigation and recovery efforts⏬ https://t.co/NxpCwsxA8p