Wed, 22 Apbitcoin

Another DeFi protocol loses millions in hack days after KelpDAO breach

Burns Brief

5 million from three vaults holding WBTC, XAUm, and USDC The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.

Volo Protocol lost about $3.5 million from three vaults holding WBTC, XAUm, and USDC.

Key Takeaways