Ashok 💎
134 posts
@Ashokweb3X
Operations Director | Atlantis Coin Inc 🇺🇸 @AtlantisChain @Atlantis_Ex | Building $ATC Web3 Ecosystem 📧 [email protected] ✈️ https://t.co/WEtwLlPI52
🔒 Security Incident Update - Volo Protocol We want to address our community directly and transparently about a security incident that occurred earlier today. Rest assured, Volo is prepared to absorb any loss. What happened: An exploit resulted in the removal of approximately $3.5M in assets (WBTC, XAUm, and USDC) from Volo Vaults. We detected the attack, immediately notified the Sui Foundation and ecosystem partners to contain the damage, and froze the vaults to prevent any further exposure. Current status: 🔹All Vaults are currently frozen pending a full post-mortem and remediation 🔹The remaining Volo Vaults carry no shared vulnerability and are safe 🔹We are actively working with on-chain investigators and ecosystem partners on further recovery 🔹A full post-mortem will be published once the investigation is complete What this means for you: The ~$28M in TVL across all other Volo vaults is safe. The exploit was isolated to 3 specific vaults, and we have confirmed no shared attack vector exists with the remaining vaults. On absorbing the loss: We want to be clear: Volo is prepared to absorb this loss. We will do our best not to pass this to our users. We are in damage control mode now, but once that’s done, we will work out a remediation plan, and a full breakdown will be shared shortly. We understand that trust is earned, and right now, we are focused entirely on actions. Thank you for your patience and continued support. The Volo Team
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
Update on rsETH incident: According to our analysis, rsETH on Ethereum mainnet is fully backed. Out of an abundance of caution, rsETH remains frozen across Aave V3 and V4 and exposure to the incident is capped. WETH reserves also remain frozen across affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively validating information and assessing potential resolutions.
