$SUI Sui DeFi Protocol Full Sail Shuts Down After Security Incident, User Funds to Be Refunded
Full Sail, a DeFi protocol on the Sui network, is officially shutting down following a security incident.
๐ธ The protocol has disabled new deposits and LP reward claims. Following a final check, standard pools will switch to "withdrawal only" mode.
๐ธ On August 29, an attacker reportedly drained approximately $91,000 from three automated vaults.
๐ธ Full Sail stated it would use remaining liquidity to reimburse users and that the team would cover any shortfall to prioritize community depositors.
๐ This is an unfortunate incident for the Sui ecosystem. However, Full Sail's approach prioritizing user reimbursement and committing to cover losses is a positive move amidst the rising number of DeFi attacks. This could help mitigate the impact on user confidence in other protocols on the Sui network. The incident also serves as a reminder of the critical importance of security and audits.
๐ฌ Do you use other protocols on Sui? Has this incident affected your confidence in the Sui ecosystem?
News is for reference, not investment advice. Please read carefully before making a decision.
Full Sail, a DeFi protocol on the Sui network, is officially shutting down following a security incident.
๐ธ The protocol has disabled new deposits and LP reward claims. Following a final check, standard pools will switch to "withdrawal only" mode.
๐ธ On August 29, an attacker reportedly drained approximately $91,000 from three automated vaults.
๐ธ Full Sail stated it would use remaining liquidity to reimburse users and that the team would cover any shortfall to prioritize community depositors.
๐ This is an unfortunate incident for the Sui ecosystem. However, Full Sail's approach prioritizing user reimbursement and committing to cover losses is a positive move amidst the rising number of DeFi attacks. This could help mitigate the impact on user confidence in other protocols on the Sui network. The incident also serves as a reminder of the critical importance of security and audits.
๐ฌ Do you use other protocols on Sui? Has this incident affected your confidence in the Sui ecosystem?
News is for reference, not investment advice. Please read carefully before making a decision.
