Scallop experienced a security breach in its Sui rewards pool, losing about 150,000 SUI due to a vulnerability in an old contract module. The exploit was isolated to a deprecated rewards contract, leaving core pools and liquidity intact. The team froze the affected contract quickly, preventing further losses and stabilizing user confidence. While the total value locked (TVL) remained steady around $22.37 million, the incident highlights risks in peripheral contracts and the need for ongoing vigilance to maintain trust.
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...
