Volo Protocol
Coverage of Volo Protocol in the Nexus archive.
- This April We Saw $805 Million Lost in DeFi Hacks
In April, $805 million was lost through DeFi hacks targeting platforms like Kelp Dao, Drift Protocol, and Grinex. Attacks involved methods such as social engineering and domain hijacking, with North Korea-backed Lazarus Group suspected as the primary threat actor.
- Volo Protocol losing $15M after a smart contract exploit is another reminder that “audited” doesn’t mean safe
Volo Protocol suffered a $15 million loss due to a smart contract exploit, highlighting that audited systems can still be vulnerable. The incident underscores ongoing security risks in blockchain protocols despite formal audits.
- Another DeFi protocol hacked as Sui-based Volo hit by $3.5M exploit
Volo Protocol, a Sui-based DeFi protocol, confirmed a $3.5 million exploit affecting select vaults. The protocol has frozen assets and initiated fund recovery efforts as investigations continue.
- Volo Protocol loses $3.5 million in exploit days after KelpDAO's breach
Volo Protocol suffered a $3.5 million exploit shortly after KelpDAO's recent breach, highlighting ongoing cybersecurity vulnerabilities in decentralized finance platforms.
- Sui-based Volo Protocol exploited; team pledges to absorb losses
Sui-based liquid staking platform Volo Protocol was exploited for approximately $3.5 million from its WBTC, XAUm, and USDC vaults. The team has pledged to absorb the losses.