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Sui DeFi protocol Full Sail to wind down after oracle-linked incident
Full Sail disabled new deposits and liquidity provider reward claims, and said it will compensate users using remaining protocol-owned liquidity after an attacker took about $91,000 from three vaults.
Cointelegraph reports that Full Sail, a decentralized finance protocol on the Sui blockchain, plans to shut down after a security incident tied to oracle provider Switchboard resulted in user losses.
The protocol said it will immediately disable new deposits and liquidity provider reward claims, with regular pools set to move to withdrawal-only mode after final security checks. Full Sail added that compensating users is its top priority.
The decision follows an incident last week in which Full Sail’s automated vaults were affected after a suspected compromise of Switchboard’s oracle infrastructure. Full Sail later said an attacker removed about $91,000 from three of its vaults.
Cointelegraph also notes that Switchboard said it was investigating a potential compromise of its Move-based implementations and halted its network on Aptos, Sui, IOTA and Movement. Full Sail said it will use remaining protocol-owned liquidity to compensate users and that its team will cover any shortfall, with withdrawal and claim instructions expected within the coming days.