1 month ago
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Key Takeaways
- Full Sail announced a wind-down September 1.
- The direct loss was about $91,000.
- Withdrawals remain paused on the live app.
- Repayment amounts and instructions remain undisclosed.
A $91K loss led to a much larger decision
Full Sail disclosed a security incident on August 29 and paused activity while it investigated. The protocol later announced that it was sunsetting on Sui, shifting its focus from operating vaults to repaying affected users.
In its official wind-down updates, Full Sail said about $91,000 had been removed from three automated vaults. It also said remaining protocol-owned liquidity would go to users and that the team would absorb any shortfall so community depositors are compensated first.
Direct vault loss
About $91,000 was removed from three automated vaults.
Repayment commitment
Protocol-owned liquidity and team funds have been pledged to community d...
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