PANews
PANews|Sep 02, 2026 00:21
[Full Sail Decides to Shut Down Due to Switchboard Oracle Hack, Discloses Approximately $455,000 Loss for Virtue] Sui ecosystem DeFi protocol Full Sail announced on the X platform that its protocol was affected by a security incident involving the Switchboard oracle and has decided to gradually cease operations. The affected protocols include Virtue Money, which reported a loss of approximately $455,000, with 45 users liquidated. Switchboard has issued a statement regarding the incident, but as of September 1, it has not provided the technical details requested by Full Sail nor committed to compensation. Mysten Labs declined Full Sail's request for financial support. Full Sail stated that all remaining liquidity held by the protocol will be prioritized for users, and the team will cover the shortfall to ensure community depositors are compensated first.
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