Summer.fi Winds Down After $6M Lazy Summer Vault Exploit
Covered by 5 sources · 5 articles
5 outlets - including Coinotag, Beincrypto and Crypto-economy and 2 more - are covering this story. Crypto News Summer.fi, the Ethereum-based decentralized finance platform, will wind down operations after a $6.04 million exploit drained two of its USDC vaults, the company confirmed. The team sai...
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Ethereum-Based Summer.fi Shuts Down After $6.04M USDC Vault Exploit
Crypto News Summer.fi, the Ethereum-based decentralized finance platform, will wind down operations after a $6.04 million exploit drained two of its USDC vaults, the company confirmed. The team sai...
$6 Million Vault Exploit Forces DeFi Platform Summer.fi to Wind Down
Summer.fi will wind down operations after a $6.04 million exploit hit its Lazy Summer Protocol on July 6, wiping out the capital the team needed to rebuild. The five-year-old Decentralized Finance (DeFi) platform said the app will remain li…
Summer.fi Confirms Shutdown Following Major USDC Vault Exploit
TL;DR: Summer.fi will wind down operations after the July 6 Lazy Summer Protocol exploit removed the runway needed to rebuild. The Summer.fi app will remain live until August 31, while Lazy Summer DAO works to resume withdrawals and redempt…
Summer.fi Winds Down After $6M Lazy Summer Vault Exploit
Summer.fi is winding down its Labs company and retiring its user interface after the July 6 exploit left the business without enough financial runway to rebuild. The Summer.fi wind-down ends five years of independent operation following its…
Summer.fi Winds Down After $6M Lazy Summer Vault Exploit
Summer.fi is winding down its Labs company and retiring its user interface after the July 6 exploit left the business without enough financial runway to rebuild. The Summer.fi wind-down ends five years of independent operation following its…