Full Sail Becomes 2026's Latest Protocol to Close After a Hack
Affected assets and topics
Why it matters
Full Sail, a decentralized exchange (DEX) on the Sui blockchain, announced its closure following a security breach on August 29 where an attacker drained approximately $91,000 from three of its vaults. The incident highlights ongoing security risks in decentralized finance (DeFi) protocols, which may impact investor confidence in similar platforms.
- Security breach at Full Sail DEX resulting in $91,000 loss
- Closure of Full Sail due to the hack, not demand weakness
- Full Sail operates on the Sui (SUI) blockchain
Expected market reaction
The closure of Full Sail may reduce liquidity and user trust in DeFi protocols on the Sui blockchain (SUI), potentially affecting trading volumes and adoption of SUI-based DeFi projects. Investors in DeFi-related assets or blockchain infrastructure may reassess risk exposure to protocols with weaker security postures.
Risks
- The article does not provide details on the broader impact on SUI's ecosystem or whether other SUI-based DeFi protocols are affected
- No information on whether Full Sail's users will recover any funds or the timeline for closure
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- mistral-small-latest
- Analysis version
- mistral-small-latest
- Article id
- 126681
Original source
Full Sail, a decentralized exchange, is winding down on Sui (SUI) after an attacker drained roughly $91,000 from three of its vaults on August 29. The closure makes the DeFi protocol the latest 2026 casualty of a security failure rather than weak demand. Follow us on X to get the latest news as it happens The post Full Sail Becomes 2026's Latest Protocol to Close After a Hack appeared first on BeInCrypto.
Read the full article on BeInCrypto
Original article published by BeInCrypto on September 3, 2026. Analysis and insights provided by AnalystMarkets AI.