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Another DeFi protocol hacked as Sui-based Volo hit by $3.5M exploit

Another DeFi protocol hacked as Sui-based Volo hit by $3.5M exploit

Volo Protocol, a DeFi platform on Sui, was hacked on April 22, 2026, resulting in a $3.5 million exploit. The protocol has frozen affected assets and initiated fund recovery efforts while investigations continue. This incident highlights ongoing security challenges within the DeFi space, especially on emerging blockchain platforms like Sui.

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