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DeFi

Sui-based Volo Protocol exploited; team pledges to absorb losses

🤖 GG AI Summary

The Sui-based liquid staking platform Volo Protocol was exploited for approximately $3.5 million affecting its WBTC, XAUm, and USDC vaults. The team has pledged to absorb the losses, indicating a commitment to user protection despite the significant breach.

Sentiment: 25% Bearish

Sui-based liquid staking platform Volo reported that it was exploited for roughly $3.5 million from its WBTC, XAUm, and USDC vaults.

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