Full Sail, a DeFi protocol built on the Sui blockchain, is shutting down after a security breach involving the Switchboard oracle provider. During the attack, a hacker managed to drain roughly $91,000 from three of the protocol’s vaults. In response, the Full Sail team has decided to sunset the project in phases.

What happened

The incident was linked to Full Sail’s integration with the Switchboard oracle provider. About $91,000 was pulled from three Full Sail vaults during the exploit. After discovering the breach, the protocol announced it would wind down operations. The team hasn’t shared further details about the attack mechanics or technical causes.

Why this matters for DeFi on Sui

Oracles feed external data to DeFi apps. Any bugs or vulnerabilities in the data pipeline can break smart contract logic and trigger major financial losses. The Full Sail story is a reminder that counterparty and integration risk is still a huge security concern for projects building on Sui and across DeFi.

What’s next for users

Full Sail is preparing to shut down after the incident, citing the losses and the oracle integration as the main reasons. Users should factor in the service closure when planning their next moves with assets in the Sui ecosystem.