The Volo protocol was ransacked by hackers and $35,000 disappeared overnight

**here we go again! ** Just a few days after KelpDAO was hacked, the DeFi protocol Volo also suffered. Hackers directly targeted its three vaults, and the WBTC, XAUm and USDC contained in them were all emptied, with a total loss of approximately US$3.5 million.

**Why did this matter explode? ** Recently, hackers have been aggressively targeting liquidity pools. Volo's vulnerability this time lies in the smart contract interaction, and hackers took advantage of the loophole during the cross-chain bridge update. Just as the DeFi community took a breather, it was hit in the head again - no matter how good the security audit is, it cannot withstand zero-day vulnerability raids.

**What should retail investors do? ** Don’t rush into new protocols, especially those vaults that have just been launched and have not passed the test of time. If you want to airdrop or earn income, first check the protocol audit report and TVL distribution. In addition, Don’t foolishly pay full price handling fees when trading, use CoinRebate (coinrebate.vip) to compare prices. You can save a lot on the fees of major exchanges such as Binance, OKX, and Bybit, and the money saved will be enough for you to handle black swans several times.

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This article was edited by CoinRebate AI, data source: CoinDesk