Full Sail DeFi Protocol Closing After Security Breach

The decentralized finance platform Full Sail is shutting down operations. This decision follows a security incident where an attacker drained approximately 91,000 dollars from three different vaults.

The team confirmed that the exploit was tied to a vulnerability within the Switchboard oracle provider. After the breach, the protocol determined that continuing operations was no longer feasible.

This event highlights the ongoing security challenges facing newer projects in the decentralized finance space. Users should remain cautious when interacting with smaller protocols that rely on third party data feeds for their core functions.