The protocol’s SUMR token fell by over 18% after the incident. Summer.fi has paused all Lazy Summer Protocol vaults following an exploit that resulted in the theft of approximately $6 million from the yield platform. The exploiter used a flash loan attack to manipulate the accounting logic of the USDC vaults, allowing them to artificially inflate assets and redeem them for profit. The protocol’s SUMR token fell by over 18% following the incident. Decentralized finance protocol Summer.fi has pau…
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