Crypto News Daily

Sui-based Volo Protocol confirmed a $3.5 million exploit affecting its vaults holding WBTC, XAUm, and USDC. The protocol has frozen assets and initiated fund recovery efforts as part of an ongoing investigation into the security breach.

Russia's proposed crypto legislation, which has passed its first reading, would permit the use of cryptocurrencies in foreign trade while restricting domestic payments. The bill aims to license crypto exchanges and includes provisions for circumventing sanctions.