[Volo Hacked and $3.5 Million Stolen, Team Promises to Cover Losses] According to an official announcement from Volo, the BTCFi and LST protocols on the Sui network experienced a security breach today, resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific Vaults. The team has notified the Sui Foundation and ecosystem partners and has frozen all Vaults. Volo stated that only three Vaults were affected, while the remaining $28 million in TVL assets are secure. The team will cover the losses and release a post-incident report along with a remediation plan.