Scallop, a major lending protocol on the Sui network, lost about $140,000 due to an exploit targeting an old, deprecated rewards contract, not its core infrastructure. Despite passing a full audit in February 2025, the unused contract remained vulnerable, showing how legacy code can pose risks. The team quickly froze the affected contract, restored operations, and confirmed user deposits were safe. This incident is part of a broader trend in April 2026, which saw 13 DeFi exploits totaling over $606 million in losses, the worst month since the Bybit breach, raising concerns about the security of legacy contracts and audit effectiveness in DeFi.
Sui has announced that the Hashi Global testnet will launch soon, featuring native Bitcoin as collateral within its DeFi ecosystem. This development could allow Bitcoin holders to use BTC directly in Sui-based decentralized finance applications witho...
Sui, Aptos, and Hyperliquid are gaining attention as promising altcoins due to their fast transaction speeds, growing developer ecosystems, and increasing user adoption. Sui and Aptos leverage Meta's Move programming language to build high-performanc...
