Volo, a decentralized liquid staking protocol on the Sui blockchain, suffered a $3.5 million exploit after attackers identified a vulnerability in the protocol’s vault accounting mechanism, draining funds from multiple liquidity pools.The Volo team confirmed the attack in a post-mortem, indicating the exploit involved a price manipulation attack on its internal oracle that allowed the attacker to inflate deposited asset values before withdrawing an outsized amount of underlying tokens.”We immediately paused all withdrawals upon detecting the anomalous activity,” the team stated. “No further funds are at risk. We are working with blockchain forensics firms to trace the attacker.”The exploit is…
Author: David Williams
BlackRock’s iShares Bitcoin Trust (IBIT) has crossed the $50 billion threshold in assets under management, cementing its position as the fastest-growing ETF product in history. The milestone was reached on April 4 as continued institutional inflows pushed the fund’s AUM past the landmark figure.IBIT, which launched in January 2024, reached $10 billion faster than any ETF in history — in just 49 days. The fund has since become one of the 15 largest ETFs in the United States across all asset classes.”This is a genuinely historic inflection point for Bitcoin as an institutional asset class,” said Robert Mitchnick, BlackRock’s head…