2,000,000% APY Trap: $6 Million Drained in Ethereum DeFi Exploit
Covered by 2 sources · 2 articles
2 outlets - including Dailyhodl and U - are covering this story. 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 protoc…
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$6,000,000 Drained From Crypto Platform In ‘Flash Loan’ Exploit
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 protoc…
2,000,000% APY Trap: $6 Million Drained in Ethereum DeFi Exploit
Ethereum multi-chain protocol Summer.fi was by a flash loan attack on Monday morning, draining $6 million from its low-risk vault amid a 2,000,000% APY spike.