Full Sail Shuts Down After Switchboard Oracle Incident Causes User Losses

TL;DR

• Full Sail announced the shutdown of its DeFi protocol on Sui following an attack linked to oracle provider Switchboard that caused losses.
• An attacker drained approximately $91,000 from three automated vaults; the Virtue protocol also reported losses of $455,000 in the same incident.
• The Full Sail team committed to compensating users with the protocol’s remaining liquidity and covering any deficit with its own funds.

Full Sail, a decentralized finance protocol built on the Sui blockchain, announced through its X account that it will permanently cease operations.

The decision was made as a direct consequence of a security incident linked to Switchboard, an oracle provider, which resulted in losses for the protocol’s users. Immediately, the team disabled new deposits and reward claims for liquidity providers, while regular pools will transition to a withdrawals-only mode once final security checks are completed.

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Full Sail is sunsetting on @SuiNetwork.

This was a difficult decision. Our immediate priority is returning what affected users lost and completing an orderly wind down.

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