Summer Finance Faces Exploit, $6M Lost as Vault APY Hits 2.08M%
Covered by 2 sources · 2 articles
2 outlets - including Bankless and Blockchainreporter - are covering this story. Lazy Summer Protocol lost $6M to a NAV manipulation exploit three months in the making.
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Lazy Summer Protocol Drained of $6M in Vault Price Exploit
Lazy Summer Protocol lost $6M to a NAV manipulation exploit three months in the making.
Summer Finance Faces Exploit, $6M Lost as Vault APY Hits 2.08M%
As per PeckShieldAlert, the incident influenced LazyVault LowerRisk USDC (LVUSDC) of Summer Finance. The displayed APY of the vault briefly jumped to 2.08M%.