"Volo Protocol confirmed a $3.5 million security exploit this week, tied to a compromised vault admin private key, affecting three Sui-based vaults."
"The attack drained three vaults holding wrapped bitcoin, tokenized gold asset XAUm, and USDC, with losses estimated at $2.1 million in WBTC, $0.9 million in XAUm, and $0.5 million in USDC."
"Volo's team detected the breach quickly, froze all vaults, and began working with onchain investigators to trace and recover the stolen funds."
"Volo stated it would absorb the full loss without passing costs to depositors, promising a full post-mortem once the investigation concludes."
Volo Protocol experienced a $3.5 million security exploit linked to a compromised vault admin private key on April 21, 2026. The attack affected three vaults containing wrapped bitcoin, tokenized gold, and USDC. Losses were approximately $2.1 million in WBTC, $0.9 million in XAUm, and $0.5 million in USDC. The remaining vaults, valued at $28 million, were unaffected. Volo quickly froze all vaults and is collaborating with investigators to recover stolen funds, committing to absorb the losses without passing costs to users.
Read at news.bitcoin.com
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