Sui DeFi protocol Full Sail to wind down operations in stages

Full Sail, a Sui-based DeFi protocol, said it will gradually shut down operations following the impact of an oracle security incident. Virtue Money, one of the affected protocols, suffered losses of about $455,000, and 45 users were liquidated. Mysten Labs, the developer behind Sui, rejected Full Sail’s request for financial support. Full Sail said it will distribute the protocol’s remaining liquidity to users first and cover any shortfall on its own.