Crypto Platform 'Lazy Summer Protocol' Exploited for $6 Million in Flash Loan Attack
Crypto Platform 'Lazy Summer Protocol' Exploited for $6 Million in Flash Loan Attack
The Lazy Summer Protocol, operated by Summer.fi, has paused all vaults and set deposit caps to zero following a significant flash loan exploit. Blockchain security firms PeckShieldAlert and CertiKAlert confirmed that approximately $6 million was drained from the protocol, leveraging vulnerabilities in its smart contracts.
The Lazy Summer Protocol operated by Summer.fi has paused all vaults and set deposit caps to zero across networks after an active exploit was identified. According to the blockchain security firms PeckShieldAlert and CertiKAlert, the protocol has been exploited for around $6 million. CertiK says the hacker exploited the protocol’s flash loan smart contracts, enabling […]
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