SUI Crypto DeFi Protocol Volo Exploited as Team Commits to Absorbing User Losses

Volo Protocol, a liquid staking platform on Sui crypto, was exploited on April 22, 2026, for approximately $3.5 million across its WBTC, XAUm, and USDC vaults, the protocol’s first material security breach in its 18-month history. The team has pledged to absorb the losses in full, and roughly $28 million in TVL across unaffected vaults remains secure after a rapid vault freeze contained the breach.The core ques…